Douban Reveals Second Round Funding

Sina Tech, 1/25/10

Yang Bo, founder of Chinese literature and arts review site Douban, has confirmed that Douban completed a second round of funding worth nearly USD 10 mln in the second half of 2009. The investors were Trustbridge Partners and Ceyuan Ventures.

Following this round of funding, Douban will begin treating its books, movies, music and community sections as independent products, and the company's team will expand as necessary. Yang emphasized that the site's community section is seeing rapid growth in operating revenue, and is set to become the company's next profitable product.

As of January 2010, Douban had more than 30 mln registered members, and page views of over 1 bln per month.

Keywords: registered users Yang Bo Internet funding Douban Ceyuan Ventures Trustbridge online reviews Internet traffic second-round HR profit

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