SubscribeTudou Announced $57 Million Financing
It has been rumored for quite a long time, Tudou, the largest video sharing website in China, finally officially announced its $57 million series D financing at a $150 million valuation, which is the largest round of funding ever for a Chinese Internet company, and make Tudou’s total fund raising to $85 million over the [...]
Fundraising War Among Video Sharing Sites
After Youku.com’s $25 million series B financing, another video sharing sites 56.com also announced its series B financing of $20 million, led by HIKARI Private Equity and SIG, and joined by Adobe System, CID and existing investors Sequoia China and Steamboat Ventures.
According to the video search report recently released by Baidu, based on traffic, [...]
Fund Raising News: Saybot and PPLive
Saybot, an online English learning service provider, completed its second round of funding of $8.2 million led by CID Capital. Other investors included CMHJ Partners, Vickers Ventures.
Saybot was founded by Mr. Pengkai Pan and Mr. Ho-Ki Au in 2004 with the strong support of Nicholas Negroponte. From Saybot’s website:
Saybot is a leading speech-technology software [...]
Leeuu Secured Funding from Redpoint Ventures
Leeuu.com, the developer and operator of virtual community game Romantic Chateau Online(RC), just announced its several million USD funding from Redpoint Ventures.
RC, which just launched its private beta on July, aims to be a 2D version of Second Life, but according to a Sina’s report, they will start to develop 3D version RC by the [...]
Funding News: 56.com, Fractalist and Lakala
56.com received $10M funding from Steamboat Ventures and SIG. SIG also invested in 56.com in 2003. in March 2007. (sorry, I made a mistake, thanks Kaiser.) 56.com is a Guangzhou-based video sharing website, established in October 2005. In April 2007, Netease partners with 56.com to provide video service to Netease’s users, which bring high traffic [...]
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