VCs Continue Red Hot Investment in China's Web 2.0
"Web 2.0 is still the investment rage in China. Chinese podcast startup, Toodou.com has received $8.5 million Series B financing round co-led by Granite Global Ventures and JAFCO Asia. IDG Technology Ventures, which led the Series A, also participated."
China Net Investor: Toodou claims to be among China's leading Audio/Video Sharing Sites (similar to YouTube.com).
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