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