New York – Xuechu He, who was named #38 on Forbes richest Chinese list in 2010 with a net worth of RMB 12 billion, purchased a stake in YOU On Demand from C Media Limited ("C Media"), a mobile video service provider in China, in a private stock transaction. He purchased 2,285,715 restricted Series E convertible preferred shares. "Mr. He has great appreciation for C Media's long-term strategic view of YOU On Demand and its ability to capitalise on China's fast-growing mobile, OTT and … [Read more...] about Xuechu He invests in YOU On Demand
C Media Limited
YOU On Demand scores US$4m investment
New York, U.S. - YOU On Demand Holdings, Inc., the first national Video On Demand (VOD) platform in China, announced that C Media Limited, a mobile video service provider in China, has made a strategic investment in YOU On Demand totalling US $4 million, with the right to make an additional investment of between US $12 and $21 million. The C Media investment will allow YOU On Demand to more aggressively leverage the booming mobile video space. YOU On Demand … [Read more...] about YOU On Demand scores US$4m investment
