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56.com

56.com is affectionately seen as being one of three sites vying to be the “YouTube of China”. 56.com uses compression technology that keeps its bandwidth costs lower, compared to other sites, it says. The company claimed to have 30 million users in December 2007 with more than 60,000 new videos being added daily. 56.com is also the Chinese equivalent of Slide and RockYou and, as of December 2007, commanded about 90% of the third-party slideshow market in China. 56.com has reportedly received $30 million in… more

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56.com is affectionately seen as being one of three sites vying to be the “YouTube of China”. 56.com uses compression technology that keeps its bandwidth costs lower, compared to other sites, it says. The company claimed to have 30 million users in December 2007 with more than 60,000 new videos being added daily. 56.com is also the Chinese equivalent of Slide and RockYou and, as of December 2007, commanded about 90% of the third-party slideshow market in China.

56.com has reportedly received $30 million in funding from Adobe Systems, CID Group, Hikari, Sequoia Capital, Steamboat Ventures, SIG, and Steamboat Ventures.

CEO:
Jianjun Wang
HQ:
GuangZhou, China
Capital Raised:

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