Chinese Blogging Community 51.com Raises $10 Million

Authored by Mark Hefflinger on May 11, 2007 - 10:10am.

Shanghai, China - 51.com, China's largest blogging community, announced this week that it has raised $10 million in a recent financing round, from investors including Intel Capital, Redpoint Ventures, Sequoia Capital China and SIG.

Shanghai-based 51.com claims 60 million registered users, over 5 million logins each day, and is among China's top 20 most popular sites.

The company says the 51.com blogging community is "an advocator for a healthy culture, a diversified culture, and a harmonius culture."

51.com plans to list on the Nasdaq within three years.

 

Related Links:
http://tinyurl.com/2yrodp

http://www.51.com

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