What Company Is Offering:
56.com is a consumer media company for people to watch and share original videos worldwide through a Web experience.
How Much They Got From VCs:
Chinese video site 56.com officially announced that it has completed second round capital raising lead by HIKARI Private Equity, Inc. (HPE) and existing investor Susquehanna International Group China (SIG) with US$20 million, reports 163.com. Adobe Systems Incorporated, CID Capital, Sequoia Capital and Steamboat Ventures also participated in second round fundraising.
More at:http://www.56.com/
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