56.com aims to become YouTube of China, raises $20M
updated
While YouTube ran away with the video-sharing crown in the United States, the race is still heated in China, the world’s second largest Internet market and fastest-growing.
There, two leaders are fighting it out, Tudou.com and 56.com. Tudou commands 22 percent of searches for video on… Continue Reading
VeriSilicon raises $20M more for chip design technology
VeriSilicon Holdings, a provider of a “system-on-a-chip” design technology, said it has raised US$20 million in a fourth round of financing.
The company is based in Santa Clara, Calif, with operations in Shanghai, China.
The company has now raised US$58 million since it was founded in 2001.
From… Continue Reading