Monday, July 2, 2007
BroadWebAsia Invests In Chinese Video Sites
BroadWebAsia, the investment firm headed by former Intermix head Brad Greenspan, aid today that it has invested in Mofile.com and Hubotv.com, two online video sites focused on China. Both sites provide online video sharing, social networking and other services to the Chinese market. Financial terms of the deal were not disclosed.