Netmovie 2008 Revenues Reach RMB 200 Mln
Netease Tech, 2/27/09
In a television interview, Chinese online broadcasting firm Netmovie has revealed it cooperates with 20,000 Internet cafes, and in 2008 realized operating revenues of RMB 200 mln. The company also revealed that it delayed plans to list on a foreign stock exchange in 2008 due to the economic crisis. Netmovie was founded in 2004 and has received USD 20 mln funding from venture capital firm IDG.
Keywords: online video IDG Internet Netmovie Internet cafe revenue
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