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Search - Monday, December 4, 2006

Shanghai Triad: Xunlei, Google, Ceyuen Ventures

Word on the street of Shangai is that Google and Shanghai-based venture capital firm Ceyuan Ventures plan to invest in Chinese download accelerator and peer-to-peer file sharing network operator Thunder Network Technology aka Xunlei, according to a rumor reported by eNet. A spokesperson for Shenzhen-based Thunder or Xunlei, told eNet that the start-up will close its third round of investment in two weeks. Previous rounds were for $1M and $10M from from IDG and Morningside Technologies. Xunlei's peer-to-peer file sharing software has been downloaded 75M times. The start-up was founded by two Chinese-born techs working in Silicon Valley who moved back to China.

Nice

Google is buff elsewhere but is sucking wind in China and Xunlei which is similar to BitTorrent, would be a nice way for the monster of Mountain View to pick up some Chinese eyeballs.

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