Charles River Ventures & China Digital Media

ChinaVentureNews has a nice piece on Charles River Ventures, disclosing CRV’s strategy for their recent investment in Maxthon & WangYou Media. According to Bill Tai, general partner at CRV, Maxthon and WangYou media possess the following attributes:

• large existing user bases (millions at WangYou, and 57+ Million downloads
  at Maxthon)
• are rapidly growing (15% + per month at WangYou, 2M – 3M new per month
  at Maxthon)

I especially like this: “With no lack of confidence in these recent Chinese investments, Tai and the CRV team “think both these are and will be big hits in their respective segments of the market.” Feels very good.

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