Internet video

Govt. approved video website gets $30 million in funding

Posted by Jeremy Goldkorn, June 28, 2008 9:43 AM

Earlier this week, Danwei reported that the government agency SARFT has given formal approval to 247 video websites and Internet video operators, but had pointedly excluded the three biggest such sites.

Yesterday, news broke that one of the recipients of SARFT received 30 million US dollars in funding. From Pacific Epoch:

Ku6.com Receives $30 Million In Series C Funding

Beijing-based online video site Ku6.com has received Series C investment of more than $30 million, a Ku6 advertising and business partnership department employee told Pacific Epoch on Thursday. The employee said details regarding the deal would be disclosed next week. A Ku6 employee previously told Pacific Epoch that it received an investment from existing investors in April. Ku6.com received Series A funding of $10 million from investors including Baidu, Draper Fisher Jurvetson and DT Capital Partners in May, 2007.

There's more about a less fortunate video site that has been shut down for the last two weeks on Kaiser Kuo's Ogilvy: A funeral dirge for 56.com.

Tags for this entry:

twitterchiclet.pngtweet facebook.pngfacebook Deliciousbookmark hhrHaoHao diggdigg

<< Sichuan Earthquake Survivors - Photos | China developed by luck, not planning >>
There are currently 0 Comments for Govt. approved video website gets $30 million in funding.

Post a comment

All comments are moderated and subject to review by Danwei contributors and editors, but well-grounded and articulate comments will be published regardless of which way they lean. Because comments published on any website ultimately contribute to the character of that website, we may decline to publish comments that are irrelevant, redundant, or that do not adhere to generally accepted standards of courtesy; if you are looking for a fight, there are plenty of other venues available online.


Some useful html: <b>bold</b>, <i>italic</i>,
<a href="http://www.danwei.org">link</a>
Partner Links
China Quest - 2010 Summer language camp in Beijing China
China in a Box: Video production services and China stock footage
Popup Chinese: Chinese lessons, HSK tests and a Beijing-based community
ChinaTechNews.com: Technology, Internet and digital news from China
Jobs in China
+ Beijing: Latin teacher wanted
+ Shanghai: Editor for English language magazine
+ Beijing: Office manager / research assistant for accredited journalist office
more...
Recent Comments
WSJ on The case of the missing Obama front page
Wang H. on 2012: a disaster movie not suitable for children
SiGoTuri on To the Chinese media, is Obama "aobama" or "oubama"?
affordabe on Blogspot unblocked, but Blogger is blocked
Adam J. Sc on Snow in Beijing
Peter Kauf on Bound feet in China
lost in tr on Shanzhai National Day parade
lost in tr on Julia Lovell on translating Lu Xun's complete fiction: "His is an angry, searing vision of China"
Media Partners
Visit these sites for the latest China news
090609guardian2.png 090609CNN3.png
China Media Timeline
Major media events over the last three decades
+ 1978-1988
+ 1988-1998
+ 1998-2008
Danwei Model Workers
laomo2008fpA.jpg
Recommended blogs and new media
+ English-language blogs about China
+ Chinese blogs, aggregators, and forums
Books on China
AXL091030storiesforthcoming.jpg
Xujun Eberlein's Apologies Forthcoming: Hong Kong's Blacksmith Books has published a short story collection by Xujun Eberlein.
Princess Der Ling: Two Years in the Forbidden City: Two years in the Forbidden City is largely a reminiscence of the minutiae of life for one of history's most powerful women, by one of her court attendants, a Manchu noble's daughter by the name of Der Ling.
Carl Crow's The Long Road Back to China: In 1939 Carl Crow - an American journalist, advertising executive and author who had lived in Shanghai for 25 years until forced out by the Japanese - travelled up the Burma Road from Rangoon to Chongqing on assignment for Liberty magazine － 'the most interesting assignment I have ever been given'.
more...
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ New Weekly: Do Chinese kids know anything about traditonal Chinese culture? (2004.06): Q: Do you know what China's four great inventions are? Paper, printing, the compass and gunpowder 49.3% know all four, 37.3% get one or more wrong, 13.3% don't know at all (2004.06.12)
+ The horrors of SMS messaging (2007.09): Naraka 19 (地狱第19层), based on the Cai Jun (蔡骏) novel, gets neutered by SARFT.
+ China's illegal yellow press (2005.05): On the left is the front page of 'Military News', a newspaper without masthead, contact phone number or any kind of publication licence (required by Chinese law). The paper was purchased on the Beijing subway for two yuan, which is relatively expensive, as most of the city's daily newspapers cost only half a yuan.
more...
Popular Tags
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main feed: Main posts (FB has top links)
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30
twitterchiclet.png Danwei's Twitter feed