Wecast Raises $2 million USD in Private Placement

Wecast Network, Inc. (NASDAQ:WCST) ("Wecast" or the "Company" or "WCST")"Company"), announced today that the Company has entered into a Subscription Agreement ("SA") for the sale of 727,273 common shares of its common stock to certain investors, officers andamp; directors and affiliates ("Investors") in a private placement that grossed and netted $2 million USDto the Company. Click here for more.