Venture Funding

Chinese Video Site Youku.com Raises $40 Million in New Funding

Chinese Video Site Youku.com Raises $40 Million in New Funding

A whopping $40 Million has been raised in new funding by the popular Chinese video websites Youku. com, which is also the country's largest site of the segment, and the development is being as a sign pointing to the confidence that the medium will continue to grow throughout China, as firms move further away from "user-generated videos" for which they were once famous.

Kai-fu Lee, ex-Google China Chief to run $117.1 million fund

Kai-fu Lee

Kai-fu Lee, Google Inc.'s departed head of China operations, announced on Sunday that he would run his own business that would invest in Chinese technology start-ups. Kai-fu Lee confirmed his plan to launch the business on his twitter page, saying he would establish a firm with more than $117.1 million of funds.

Li Ka-Shing, INQ & 3 Network owner, acquires minority stake in Spotify

Li Ka-Shing, INQ & 3 Network owner, acquires minority stake in Spotify

According to a Forbes magazine report, Asia's richest man, Li Ka-Shing has supposedly made a $50 million investment to acquire a minority stake in the online streaming music service, Spotify, which is looking at global expansion and is likely to offer more premium services.

Netscape co-founders launch new venture capital fund - Andreessen Horowitz

Netscape co-founders launch new venture capital fund - Andreessen Horowitz

Two Netscape veterans - founder Marc Andreessen, and his longtime business associate and Netscape co-founder Ben Horowitz - have launched a new venture capital fund on Monday, and have named it And

Nokeena Networks raises $6.5 million for enhancing new media infrastructure platform

Mayfield Fund, Nokeena Networks

In a new venture capital funding led by Mayfield Fund, Nokeena Networks, the industry's leading media infrastructure solution, has raised $6.5 million, thereby resulting in a total $15 million funding for the company. Existing and strategic investors also participated in the latest funding round.

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