Back in December of last year we predicted that social video apps would be big in China in 2012, led by a fun one called iSheHui. And the Japanese investment firm CyberAgent Ventures seems to agree, having this week confirmed that it has invested 10 million RMB (US$1.59 million) in the startup that makes it.
iSheHui is sort of an Instagram for videos, allowing users to add funky filters to an iPhone or Android smartphone vid and then easily share it with friends on Weibo. The startups two founders, Li Zheng and Zhao Liang, have years of experience in China’s top video-streaming sites – Mr. Li at Ku6 (NASDAQ:KUTV), Mr. Zhao at Tudou (NASDAQ:TUDO) as its former CTO. ...Penn Olson 2/21/2012 [en]
- CyberAgent Venture seems more active in Vietnam recently for investment in foreign countries. It is a first announcement of investment in China in a while.