SubscribeVideo News Roundup: Layoff, Ads Revenue and LeTV.com
In last two weeks, there are quite some rumors or news on China’s video sites, most of them are related to layoff. 6.cn, a video sharing site backed by Ceyuan Ventures, announced that it to cut its workforce from over 200 to about 60. UUSee, a p2p video streaming site backed by Sequoia Capital, also [...]
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, [...]