Hikari, Susquehanna Put $20 Million into 56.com
Filed in archive Private Equity on December 9, 2007
Private equity firms Hikari Private Equity and Susquehanna International Group China have invested $20 million in the video sharing site 56.com, according to Personal Bee.
Several other partners were involved in the funding package, including Adobe, Disney's VC fund, and CID Group. This was the second round of funding for 56.com.
Cn Blognation has pointed out that private equity and Venture Capital Firms seem to be in love with video sites in China. The top six such sites have gotten well over $100 million in funding this year.
Tags: video 56.com Hikari Susquehanna china private+equity hikari+susquehanna december+2007
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