Though Google (GOOG) is the clear leader in the booming mobile ad space, the company is facing...


Though Google (GOOG) is the clear leader in the booming mobile ad space, the company is facing challenges from upstarts. The latest proof: mobile ad network InMobi, which has a strong Asian position, will be raising $200M in funding from Japan's SoftBank (SFTBY.PK). VELT and MOTR also have lofty ambitions for the mobile ad market.

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