Joy.cn Obtains RMB 200 Mln in First-Round Funding
BiaNews, 12/29/10
Lv Wensheng, CEO of online video company Joy.cn, has announced that the company recently obtained RMB 200 mln in first-round funding. Lv stated that the principal investor was Jiangsu Broadcasting Corporation, with additional investment from Beijing-based VC firm Huashang Yingtong and Shanghai-based publishing, marketing and market research company Fosea. The funds acquired will be used to expand paid and mobile video business, and to strengthen brand awareness and traffic for the Joy.cn web portal.
Joy.cn was founded in May 2005 and employs over 500 people.
Keywords: Huashang Yingtong Fosea HR Internet funding online video Joy.cn VC first-round Jiangsu Broadcasting Corporation Lv Wensheng
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