56.com Launches SNS and Apps Platform

56.com, previously one of the leading video sharing site in China, is rumored to change its strategy to a social networking site, after it has been shut down by the regulators for over a month in June. In China, it is required to have a license from SARFT to operate online video service, most of [...]

56.com Down for Data Maintenance?

After 6-day down time, 56.com, one of the largest video sharing site in China, has another announcement on its website, saying that they are currently working on the maintenance of all video data, and performing a large scale system upgrade. No exact schedule of site return is provided. Previously, 56.com said the site down was [...]

Fundraising War Among Video Sharing Sites

After Youku.com’s $25 million series B financing, another video sharing sites 56.com also announced its series B financing of $20 million, led by HIKARI Private Equity and SIG, and joined by Adobe System, CID and existing investors Sequoia China and Steamboat Ventures.
According to the video search report recently released by Baidu, based on traffic, [...]

Funding News: 56.com, Fractalist and Lakala

56.com received $10M funding from Steamboat Ventures and SIG. SIG also invested in 56.com in 2003. in March 2007. (sorry, I made a mistake, thanks Kaiser.) 56.com is a Guangzhou-based video sharing website, established in October 2005. In April 2007, Netease partners with 56.com to provide video service to Netease’s users, which bring high traffic [...]

Netease Partner With 56.com to Provide Video Service

Following Sina, another popular portal website in China, Netease, started to provide video sharing service two weeks ago.
Being a video sharing site, 163 allows users to upload video files up to 60M per file, but the video uploading feature is provided by its partner 56.com, another video sharing site. The uploaded videos are hosted [...]

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