I have came up a list which showed the vibrant venture capital (VC) market in China, especially the funds that these video sites received. In matter of fact, a number of prominent American VCs that raised funds and investing in China sites have thus helped the growth of this market.

Youku.com: They have completed $25 million in a round C financing on November 21 from Brookside Capital Partners, a subsidiary of Bain Capital, alongside with existing investors Sutter Hill Ventures, Farallon Capital and Chengwei Ventures, as reported in their press release (Mandarin). Youku has previously raised $3 million and $12 million in Series A and B financing.

56.com: 56.com raised a $20 million in a Series B financing from Sequoia Capital China recently, however no official announcement has been made on their home page. In June this year, 56.com has also raised $10 million in a round A financing.

UUSee: UUSee has raised $23.5 million in a round led by Draper Fisher Jurvetson Growth Fund and Highland Capital Partners, with Steamboat Ventures joining as a new investor and additional participation from existing investors Sequoia Capital China and Susquehanna International Group, as reported in my March 2007 post.

Pomoho: Stands for “pop, movie & hot.” From a recent buzz in China, Pomoho has raised $10 million in seed funding, however there is no official announcement of this.

PPStream: PPStream has also raised $10 million in a round B financing, venture capitalists include Ceyuan Ventures and Qiming Venture Partners. I did covered this news in my March 2007 post.

Tudou.com: Tudou has recently completed $19 million of its round C financing from Capital Today and General Catalyst Partners. This is on top of $18 million, the company has already raised in round B from JAFCO. Previously, TuDou has raised $800K from IDG Technology Venture Investment in seed funding and $8.5M in a Series A financing.

Although the rapid growth of this VC market and high profile investments from the US venture capitalists, this did not lead to the IPO of these video startups as well as generate huge returns to the investors.

UUSee, a company co-founded by Zhu Li 李竹, an alumni of reputable Tsinghua University of China in year 2003. It went into offering peer-to-peer (P2P) services to the end-user market in year 2005 and also received funding from Sequoia Capital in the same year. UUSee has just secured another $23.5 million from venture capitalists in a new round led by Draper Fisher Jurvetson (DFJ) Growth Fund and Highland Capital Partners, with Steamboat Ventures joining as a new investor and additional participation from existing investors Sequoia Capital China and Susquehanna International Group, according to the ShanghaiDaily.com.

“This financing represents further endorsement of our progress to date and the very large market opportunity that has emerged for broadband media in China, DFJ Growth Fund, Highland and Steamboat Ventures are top-tier firms that have relevant expertise, relationships and capital to help us achieve further growth and expand our leadership in the market.” Stated by Zhu Li.

Currently UUSee, a company based in Beijing has 36 million users and had some exclusive partnerships with the leading content providers such as CCTV, i.e. China’s largest TV broadcaster, Beijing TV and CSAT, i.e. China’s leading satellite operator.

You can download UUSee’s latest P2P version, i.e. 2.0.0.1 by clicking here.