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 [...]

Captiv8 Received Funding From Qiming Venture

Captiv8, an in-game advertising service provider announced that it has finished its million USD series A funding led by Qiming Venture.
Captiv8, founded by former ESPN China ad executives in 2004, provides real time advertisement publishing and supervision service for online gaming operators and developers and online video service providers. They cooperate with various online gaming [...]

51.com Secured Second Round Funding

51.com, a popular social networking sites in China, has just closed its $10 million second round funding from Intel Capital, Redpoint and its existing investor Sequoia China and SIG. Some reports also said the amount of funding is $12 million.
51.com was founded in August 2005 by Pang Shengdong, Sequoia China and SIG invested in $4 [...]

PPStream Closed Series B Funding

PPStream, a Shanghai-based p2p-powered video broadcasting service provider, announced to raise about $10M funding from Qiming Ventures and its existing investor Ceyuan Ventures. Ceyuan Ventures invested in PPStream’s series A funding in 2005.
PPStream claimed to own its cutting-edge p2p video on demand technology, when most of its competitors in China can only provide p2p [...]

IM Robot Xiaoi Secured Funding

Incesoft announced its funding from Jafco Asia, DFJ ePlant, Intel Capital, Zero2IPO Capital and IDGVC today. The rumored amount of funding of $5M was unconfirmed by the company. (via)
Incesoft, established in 2001, mainly provides a product named Xiaoi, which is IM robot for MSN Live Messenger, Yahoo Messenger and QQ (the most popular IM [...]

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