Early this month, there was market rumor that Google and Ceyuan Venture will invest in Chinese P2P software and file-sharing network Xunlei. The investment will be announced on January 5th, a report in Sina said. Google China will invest in $5M, and Ceyuan Venture will invest in $15M.
Xunlei, founded in 2003, has been a popular download accelerator for downloading large-files, such as videos and large software. Xunlei has been awarded one of the coolest companies of 2005 by Fortune China. IDGVC invested $1M in Xunlei in its first round funding. In 2005, Xunlei closed its second round funding of $10M from Morningside and IDGVC. “Xunlei" is one of the most searched keywords in Baidu’s top search of 2006 result, which approved the popularity of Xunlei in China.
Xunlei claims its software has been downloaded for over 110M times with about 1.5 million download per day. Leveraging its broad user base, Xunlei is building its online content distribution platform, Xunlei.com, to help content providers to distribute video, audio, emagazine, software and others. It has built partnership with content holders such as Phoenix TV.
Related Posts
- Google to Invest in Chinese P2P Startup Xunlei?
- Skype Funders Back AllPeers
- Google invests in electric broadband
- Motion Picture Association Sues FileSharing Operator
- Where’s My Google PC?
Loading ...
