Hikari, Susquehanna Put $20 Million into 56.com

Filed in archive Private Equity by Greg Cruey 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.

Hikari, Susquehanna Put $20 Million into 56.com

Hikari, Susquehanna Put $20 Million into 56.com

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.

Related Entries:

Critical Mention with $4 million round - 06 December 2005
Truveo exits for $50 million - 11 January 2006
Mywavez with $3.04 million round - 11 January 2006
UPLOAD A VIDEO OR A PICTURE AND WIN $2 MILLION - 16 April 2007
Just Like That, 56.com is Back - 11 July 2008

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