On January 19, 2009, Chuan Thor, Managing Director of Highland Capital Partners, formally announced with Ying Han, CEO of VIVA (Beijing Viva Information Technology Co., Ltd.), that VIVA has obtained Series A financing in the amount of US$10M from Highland Capital Partners, VENTECH and Mr. Edward Suning Tian, Chairman of China Broadband Capital Partners. Aslo, they noted that the fund has been received and will be mainly used for the development of the products as well as marketing development strategy.
According to Mr. Chuan Thor, VIVA has found a very good point of entry between 3G and high-end users and Highland Capital Partners is highly optimistic about VIVA’s CEO Ying Han and his team.
Ying Han said that VIVA now has five products: mobile TV, mobile magazine and newspapers booth, mobile clock, mobile car and mobile museum. Meanwhile, VIVA classifies the customers into three categories: registered users, active users, and paid users. So far, the number of registered users has reached 7.8 million.
