Game maker Giant invests in Chinese social network 51.com
Scores of cities in China have more than a million people, and 51.com has beat out its rival social networks to be the most popular in many of them, even if it’s not the most popular in cultural centers like Shanghai and Beijing. It faces both international rivals looking to enter China — including Friendster, Facebook and MySpace — as well as domestic startup rivals like Xiaonei, and social networking features on Tencent’s Qzone.
But, the… Continue Reading
ChinaCache, content distribution network co., raises $32M
As mentioned in our roundup last night, ChinaCache, of Beijing says it has raised $32 million from Draper Fisher Jurvetson, Ignition Partners, IntelVC, Internet Investor Growth, JAFCO ASIA, SIG, Starr International, and Susquehanna International Group.
See details here.
It is a ten-year old company, and helps speed up content delivery over the Web by using a network of servers to bring it closer to the end customers.