A Chinese App That Steals Wifi Passwords Just Raised $50 Million

A Chinese App used for connecting to the country’s ubiquitous Wifi hotspots without a login or password just raised substantial money in a series A venture funding round, according to a source at Northern Light Venture Capital, one of its investors. Wifi Master Key shares login data with all the users of hotspots run by China Mobile, one of the country’s big three telecom giants, which offers blanket coverage in all China’s major cities.
Read more: http://ift.tt/1FMfqPW