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May 15, 2006
Chinese YouTube Raises $8.5M
Shanghai-based Toodou.com raised $8.5 million in a Series B financing round, co-led by Granite Global Ventures
and JAFCO Asia. IDG Technology Venture, the Series A round investor, also participated in the round.
Toodou.com is a podcasting and video sharing site that launched about a year ago, employs 20, and wants to hire more with the new capital. No description of the business model provided in the funding announcement.
We note that its video UI does not have the eyesore "play" button that YouTube's clips are stamped with.
Read -Toodou receives second round (press release)
Posted on May 15, 2006 10:18 AM | Posted to Venture Capital | Web 2.0 | Permalink
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