China Investment News

Visit China Venture News

Just Like That, 56.com is Back

Posted on July 11, 2008

Liz Gannes at New Tee Vee brought it to my attention this afternoon that 56.com has miraculously reappeared in the land of the living.The Guangzhou-based video sharing site had been offline for five full weeks. As recently as the day before yesterday, I was prepared to write their eulogy; but I guess with $30 million or so in VC funds at state, investors like Hikari Private Equity, Susquehanna International Group China, Adobe Systems, the CID Group, Sequoia Capital and Disney's Steamboat Ventures had to find some way to revive the company. Gannes points out that licenses are still an issue for...

Original article link


china , vc , venture capital