Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Orca Digital Obtains USD 20 Mln in Second-Round Funding

Sina Tech, 7/20/11

Beijing-based online music provider Orca Digital, which operates music site, recently obtained approximately USD 20 mln in second-round funding led by China Media Capital (CMC). Once the current round of funding is complete, CMC and Google will be Orca's largest shareholders.

Orca CEO Gary Chen previously said that the company plans to acquire several domestic online music sites in order to obtain new technology or expand its user base. Music sites are exploring different business models such as value-added services and music-based games, according to Chen, who added that Orca aims to IPO as soon as possible.

Keywords: online gaming Internet funding China Media Capital Orca online music Google Gary Chen M&A VAS business model Top100


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports