Despite censorship issues, two Chinese online video sites get large rounds of fresh funding
The third-largest video site in China, 56.com, has been offline for nearly a month due to what most observers believe is government censorship. But that’s not stopping rivals from raising more funding.
Youku, approximately tied with Tudou as the largest video site in the country, has just closed a $30 million round led by private equity firm Maverick Capital, with participation from existing venture and private equity investors.
A much smaller rival, called ku6.com, has also… Continue Reading
Roundup: Jobs misled, VoIP on Blackberry, Zude, Twitter grows, more
Apple’s Steve Jobs dealt setback — Former Apple finance chief Fred Anderson now says Apple chief executive Steve Jobs misled him about stock option accounting. Story here, and statement by Anderson here. Question: Will this bring down Jobs?
Ram Shriram weighs in on FCC vote on wireless rule changes — See the Google investor’s VentureBeat column, where he advocates the FCC should take the first step toward opening wireless standards and access when it meets later today (Wed)…. Continue Reading