VCs Continue Red Hot Investment in China's Web 2.0

Filed in archive Venture Capital by james 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.

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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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