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Unedited news and product information from vendors. Raises Several Tens of Millions of U.S. Dollars in Second Round Financing
Jul 21, 2008 (08:07 AM EDT)

BEIJING, July 21 /Xinhua-PRNewswire/ -- Renowned Chinese video-sharing website ( ) announced today the completion of the Company's second round of financing. This round of investors involved UMC Capital, SBI, Itochu and Hotung Group. DFJ and DT China, two first-round investors, also increased their investment. Investors will support the development of the Ku6 website and enhance its leading position in video-sharing by offering both solid capital and rich industry resources, which is expected to open up a new chapter in the commercial development of video-sharing websites in China.

The Ku6 website was founded by internet media veteran, former Sohu senior vice president and chief-editor Kevin Li in Beijing in June 2006. After two years of development, Ku6, based on its sound and practical operation style, customer-oriented business culture and powerful execution strength, quickly stood out amongst competitors and became one of the first video-sharing websites and a frontrunner in commercial exploration. Ku6 first won the license for private video-sharing websites issued by the State Administration of Film, Radio and Television in June 2008, and by sealing a deal with for Olympic Games videos broadcasting rights, Ku6 became the only video-sharing website allowed to broadcast the Olympic Games.

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