VCs Continue Red Hot Investment in China's Web 2.0
Filed in archive Venture Capital on May 26, 2006
Web 2.0 is still the investment rage in China. Chinese podcast startup, Toodou.com has received $8.5 million Series B financing round co-led by Granite Global Ventures and JAFCO Asia. IDG Technology Ventures, which led the Series A, also participated. Toodou is a multimedia podcasting website that allows Internet users to share original audio and video clips. Launched only a year ago, the website has emerged as a leading video sharing company in China.
Tags: China podcasting china venture investment venture+capital continue+investment investment+china
Vote for VCs Continue Red Hot Investment in China's Web 2.0:
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Rating: 7.50 out of 4 vote(s) cast.
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Response from:
flykoo
(10/21/06 4:03am)
Web 2.0 is good thing. And China's is huge one - conclusion - great profit :)
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