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iFeng Seeks New Round of Funding

DoNews, 5/12/08

Phoenix TV Internet portal iFeng COO Li Ya confirmed that his company would be raising a new round of capital within the near future, and predicted that it would be completed during Q2. "We'll use the new capital to attract talent, improve our current company framework, and possibly acquire or merge with online video sites," Li said.

At present, the video sharing site with which iFeng works most closely is 6rooms.

For additional news on iFeng, please see "iFeng, PPLive Partner on Online Video," MD 5/12/08 issue.

Keywords: 6Rooms funding iFeng Internet online video Phoenix TV

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