SubscribeWangyou Media Raises Funding From CRV
Charles River Ventures(CRV) announced an investment in Wangyou Media(网友天下) yesterday, but no more details on investment amounts was disclosed. It is the first investment of CRV in China.
Wangyou Media, a Redherring Asia 100 company, provides blogging, podcasting, photo sharing and other social networking services. From its webpage:
Through our cross-media platform, the Company [Wangyou Media] focuses on promoting user-generated content (UGC) — a process of creating, sharing, organizing and distributing all kinds of digital amateur works, including personal diaries, photo albums, radio talk shows, home movies, flash animation, cartoons and more.
According to the report, Bill Tai, a partner of CRV, said that CRV is negotiating the investment with Maxthon.
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China Web Research
Quoi de neuf dans l’empire du milieu?…
La société américaine d’investissement en capital-risque Charles River Ventures (CRV) vient en effet d’annoncer qu’elleinvestissait dans Wangyou Media (????), une plateforme chinoise de blogging et de podcasting, mais sans donner plus de…
[...] China’s photoshphere is already quite crowded with startups like Wangyuo, Soopie, Yupoo and even outright Flickr-ripp-offs like Bababian (who seem to have redesigned their index-page to not appear as a 1:1-clone). [...]
[...] Maxthon: As I reported in March, Maxthon, an IE-based internet browser, negotiated the investment with Charles River Ventures. Today, it goes official. Maxthon’s blog confirmed that CRV has invested in Maxthon. CRV joins early investors Morten Lund (Skype seed investor) and WI Harper who invested in Maxthon, June last year. [...]