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Exit

Acquired byRenren Inc.
Price$80M
Date9/2011

General Information

Website56.com
CategoryPhoto/Video
Phone86-20-3766-0533
Employees
Founded4/2005

Offices

Guangzhou, CHN
Jianzhong Road, Tianhe District
No. 36 Yu Kiu Commercial Building, 8th Floor
Guangzhou, 510665, CHN
Beijing, CHN
No. 26 Xiaoyun Road, Chaoyang District
Eagle Tower A 32
Beijing, 100016, CHN

People

CEO
Founder

Funding

TOTAL $30M
FUNDING TOTAL $30M
Series A, 6/2007
SIG
Steamboat Ventures
$10M
Series B, 12/2007
Adobe Systems
CID Group
Hikari Tsushin Group
Sequoia Capital
Steamboat Ventures
$20M

Competitors

Tags

56.com

56.com is a leading user generated content (UGC) video-sharing website in China. The vision of having users post and share their life experiences online through video format has consistently been the core focus of 56.com.

56.com hosts more than 80 million online videos, the majority of which is user generated, followed by in-house productions. In December of 2008, 56.com obtained the online video license from the State Administration of Radio and Television of China. 56.com was the first online video site to provide Video Album service in China and was also the first to offer the popular “Beauty Show” in China.

56.com has developed numerous partnerships with world famous clients such as Audi, Toyota, Coca Cola, McDonald, Nestle, and Nike. Since inception, 56.com has received investments from venture capital firms including Sequoia Capital, Steamboat Ventures, CID Group, and SIG.In October 2011, 56.com was fully acquired by Renren Inc. and became a part of the Renren Group.

Recent Milestones

Videos

Screenshots

56.com screenshot
Above: 56.com Screenshot -- #1
Uploaded: 2/11/14

Products

56.com

Website56.com
StageLive
Tags video
56.com screenshot
Above: 56.com Screenshot -- #1
Uploaded: 2/5/08

Traffic Analytics

Quantcast

Livegraph

Compete

56

Sources

  1. Chinese Social Network Renren Buys Video Sharing Site 56.com For $80 Million (techcrunch.com) [edit]
  2. redlinechina.com [edit]
  3. Citation Needed [add]
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Last Edited 3/6/14

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