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56.com Announces Second Round Fundraising
56.com, Adobe Systems Incorporated, CID Group, HIKARI Private Equity, HPE, Internet, SIG, Sequoia Capital, Steamboat Ventures, Susquehanna International Group, media
Posted by: Lynn Qu on Dec 07, 2007 | 20:12
Editorial Summary
Chinese video site 56.com officially announced on December 7 that it has completed second round capital raising lead by HIKARI Private Equity, Inc. (HPE) and existing investor Susquehanna International Group China (SIG) with US$20 million, reports 163.com. Adobe Systems Incorporated, CID Group, Sequoia Capital and Steamboat Ventures also participated in second round fundraising. A December 5 rumor said that 56.com's second round would be lead by Sequoia Capital. Sequoia Capital, Steamboat Ventures and SIG invested US$10 million in 56.com in November, 2006.
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