Beijing - Chinese video-sharing site Ku6.com announced on Monday that it has raised "several tens of millions" of dollars in its second round of venture capital financing, from investors including UMC Capital, SBI, Itochu and Hotung Group.

Beijing - Japan's Softbank has led a $430 million investment that will give the group a 35% stake in Oak Pacific Interactive (OPI), which manages Xiaonei.com, China's largest social networking site.