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Chinese Blogging Provider Receives Funding
May 11, 2007 |
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Chinese blogging community 51.com has received an undisclosed amount of investment from Intel Capital, Redpoint Ventures, Sequoia Capital China and SIG.
Neil Shen, board director of 51.com and founding managing partner of Sequoia Capital, says, "We are very satisfied with 51.com's development in the last year. At present, with the roaring number of registered users, login users, simultaneous online users and average page views per day, 51.com tops the ranking of Chinese websites. We are full of confidence for its future and will continue to support 51.com."
51.com had previously received a first round of investment from Sequoia Capital China and SIG in May 2006.
51.com says the capital raised this time would be used for expanding system capacity, improving service and enlarging markets. With 60 million registered users, over five million login users each day and an average online duration of 40 minutes for each user, the company is planning for fast growth.
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