SubscribeChinaInterActiveCorp Announced Funding
It has been talked for a long time, and now it is official. ChinaInteractive Corp announced its USD 48 million of funding from global investors led by General Atlantic. In addition to GA, the group includes DCM - Doll Capital Management, Technology Crossover Ventures (TCV), Accel Partners, and Legend Capital. It also changed its name to Oak Pacific Interactive.(Press Release here)
The most important assets of Oak Pacific are Mop.com, an online entertainment community, and Donews, one of the most famous and influential IT community in China. Donews was acquired by Oak Pacific in last December. Donews just held its 6th anniversary party this afternoon in Beijing, more than 1000 peoples in IT industry attended the party.
Oak Pacific is expected to go IPO by next year.
You can find more information in SiliconBeat.
-
Related Posts
2 Responses to “ChinaInterActiveCorp Announced Funding”
Post a comment
-
Search
-
About
China Web2.0 Review is a blog dedicated to track web2.0 development, review and profile web2.0 applications, business and services in China.
-
Email Subscribe
-
Recent Posts
- Don’t Just Talk At Me, Talk With Me
- BlogBus to Launch SNS Service
- The Coming War Between Baidu and Taobao
- 56.com Launches SNS and Apps Platform
- ChinaQ: A Virtual World by China Telecom
- Brand Management in the Wired Era
- Baidu To Launch Online Payment Service and C2C Platform Soon
- Events: Facebook Developer Garage, WordCamp China and Software Freedom Day
- Chinese Leaders Have Their Fans Site
- Event Report: The State of Web Analytics Industry in China
-
What's Happening in China's Internet
-
Event
Quite Exciting News!
[...] Oak Pacific to launch two new sites: Oak Pacific, after its 48 million USD funding, plans to launch two new sites, renren.com, a classified advertising site and 5q.com, a social networking service for university students, as most of the website owned by Oak Pacific, 5Q is also an acquired asset. In addition, it is rumored that Oak Pacific is negotiate with Douban for acquisition, but Douban has denied it in blog. [...]