Kaiser reports that the "Chinese Joost" UUSee, just received $23.5 in VC funding from DFJ’s Growth Fund, Highland Capital Partners and Steamboat Ventures. P2P is really flourishing in China with such players as Google invested Xunlei – a Maxthon partner, PPLive and PPStream. I agree with Kaiser’s prediction that it is only a matter of 3G time until we will see mobile P2P services popping up all over China

Update: Talking about the future of video & P2P, there is an interersting article on Technology Review by Hui Zhang called "Peering into Video’s Future".

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BitTorrent, is opening up a media store tomorrow, Monday. The download site will distribute more than 5,000 titles from digital movies, TV shows, games and other media. After long having been the bad kid on the block, BitTorrent has finally managed to sooth Hollywood. 

When opening the store on Monday it will offer: Superman Returns, Mission: Impossible III and An Inconvenient Truth. Among the available TV shows are 24 and Chappelle’s Show.

The good thing about it is that people will finally be able to download movies without the fear of viruses and bad copies. The question is, will the crowd that has long relied upon BiTorrent for free goodies stay or turn elsewere?

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