BEIJING, July 21 /Xinhua-PRNewswire/ -- Renowned Chinese video-sharing
website Ku6.com ( http://www.ku6.com ) 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 CCTV.com for Olympic Games videos broadcasting rights,
Ku6 became the only video-sharing website allowed to broadcast the Olympic
Games.
SOURCE ku6.com
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