Communications - Thursday, April 26, 2007
China's Akamai - ChinaCache - Closes $32M Round
We are surprised that Akamai is not a bigger deal in China. Akamai has a partnership with china Telecom but that has not slowed down ChinaCache which seems to have already taken all the business. It counts Soho, NetEase, eBay China, SportsCN and many others as clients. If we were investing in Chinese online video, we would want to own ChinaCache. Will the video portals are all trying to figure out how to make money from their massive traffic, ChinaCache is charging them (and their VCs) to manage all traffic.
ChinaCache just raised $32M funding from Draper Fisher Jurvetson, Ignition Partners, IntelVC, Internet Investor Growth, JAFCO ASIA, SIG, Starr International, and Susquehanna International Group.
ChinaCache was founded in 1998. In September 2005, ChinaCache received $8.5M from Draper Fisher Jurvetson, JAFCO Asia, Intel Capital and Investor Growth.
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