Chinese Search Engine Zhongsou To Get US$6M From IDG And Legend Capital
From ChinaTechNews: Zhongsou Searches And Finds US$6 Million Investment
"IDG Technology Investment Fund 's Li Jianguang has disclosed to local media that IDG will work with Lenovo Investment Company to make a joint investment of US$6 million in search engine Zhongsou, an affiliate of Huicong International. IDG and Lenovo Investment Company will each contribute US$ 3 million to the investment. The companies chose Zhongsou was because of the search company's strength in desktop search."
China Net Investor:
Zhongsou.com is a major player in the Chinese Search market providing search engine services to well-known websites such as Sina. Zhongsou launched the latest version of its desktop search software i-pig 3.0 on March 9 and claims to be ahead of all competitors. Other important players in the Chinese search market are Baidu, Sohu (Sogou), Yahoo China, Yisou and Google China. (Read more: Chinese Search Market to Consolidate)