Google Confirms Investment in Comsenz
Sina Tech, 3/26/08
Online search giant Google has announced that in July last year, it invested USD 1 mln in Comsenz, a Chinese company that provides software and services for online community networks. The investment represents one part of Comsenz's second round of funding. Previously, Comsenz had received investment from venture capital firm Sequoia Capital, which holds a stake of more than 10% in the company, with a portion of this being held by former Google director and Sequotia partner Michael Moritz.
Google's investment has been confirmed by Comsenz CEO Dai Zhikang, who revealed that Google is a strategic investor in Comsenz's Discuz! BBS software. Dai added that this round of financing will be used mainly for product development, and won't be used for large-scale acquisitions or marketing activities. Dai also stated that the company currently has no timetable for a public listing.
Comsenz provides technical support and software for many Chinese BBSes, blogs and websites, and operates well-know sites Discuz!, SupeSite and ECShop.
Keywords: second-round VC Sequoia Capital Michael Moritz Dai Zhikang Discuz! blogging Supesite BBS Comsenz ECShop funding Google Internet online community
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