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March 07, 2006
Chinese Web Co Mops Up VC cash
Oak Pacific Interactive, the Chinese company behind several dotcoms, including Mop.com, DuDu, Wowar, Uume, and RenRen, said today that General Atlantic has led its latest round of financing of $48M.
PC penetration might be low in China, but that has not stopped Oak Pacific development. It claims total registered users of 22 million and the daily page views of all sites of 150 million. It is headquartered in Beijing.
The Beijing-based company said that the syndicate also included DCM Doll Capital Management, Technology Crossover Ventures (TCV), Accel Partners, and Legend Capital.
The firm has a long list of investors, the result of its acquiring UUMe, a venture-backed social networking platform in late 2005.
Read Oak Pacific Interactive Receives US$ 48 million of Funding
Posted on March 7, 2006 10:23 AM | Posted to Web 2.0 | Permalink
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