Renren (RENN), China’s largest real-name SNS, acquired 56.com, a user generated content (UGC) site in China, for $80 million in cash. The company expects the acquisition to complete by 4Q11. As of the ...
We’ve been covering the ongoing downtime experienced by third-place Chinese online video site 56.com, a company that has received significant backing from Silicon Valley investors. While the site ...
China’s Leading Video Sharing Site Chooses On2 Flix Engine to Publish On2 VP6 based Flash Video CLIFTON PARK, NY and GUANGZHOU, CHINA – (November 11, 2008) – On2 Technologies (Amex:ONT) announced ...
The move is the latest sign of growing consolidation in the online video market in China By Clifford Coonan China’s NASDAQ-listed online video site Sohu.com is set to buy the online video provider ...
56.com, a Chinese video start-up company has raised $10 million in funding from Steamboat Ventures. Steamboat is the funding company subsidiary of The Wall Disney Company. 56.com will use the funding ...
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