Popular Chinese video sharing site, Yoqoo, raises $12 million
Yoqoo.com, a Chinese company that resembles YouTube, has raised $12 million in venture funding from Sutter Hill Ventures, Farallon Capital and Chengwei Ventures.
The Chinese love affair with “oo” names continues (lately, there’s been Ucloo, Qihoo among others), and if you’re competing against YouTube, why not… Continue Reading