U.S. firms invest $23.5M in Chinese video site UUSee
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A group of U.S. venture capital firms, including Disneys investment arm, was set to announce Wednesday that it had invested $23.5 million in UUSee, a major Chinese site for Web video.
UUSee distributes live and on-demand TV from CCTV, Chinas largest TV broadcaster; CSAT, Chinas largest satellite TV company; and Beijing TV. The content includes subtitled U.S. shows like CSI: Miami and 24. The investment round was led by Draper Fisher Jurvetson and Highland Capital Partners.
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