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Ku6.com Closes Second Round Funding
2008-07-18   Sina.com.cn  Hai Gu

Beijing-based online video site Ku6.com has closed its second round funding worth tens of millions of dollars. Ku6.com CEO Shanyou Li revealed the news on the evening of July 17 when Ku6.com held the second anniversary ceremony. But he did not disclose detailed information.

A total of five institutions include Draper Fisher Jurvetson (DFJ), DT Capital Partners, UMC Capital, SBI Group and ITOCHU Corporation with the former two as existing investors and the latter three as new investors. Though Mr. Li refused to disclose a specific amount, people familiar to the case pegged the second round at US$35 million, the largest ever financing amongst domestic online video sites. Ku6.com received US$10 million in the first round in June 2007.