Chinese Venture & M&A Deals: Blogbus; Sosoko.com; China.com; Myrice; PayEase

Bunch of Chinese digital media VC and M&A deals over the last few days:
Blogbus Gets $3 Million Funding: Shanghai-based Blogbus, one of the first blog service providers in the country, has received $3 million in first round funding, reports Red Herring. The investors are Japanese venture capital JAIC and Japanese network advertisement agent Cyber Agent.
In early 2005, the Chinese venture fund UCI took a 20 percent stake in Blogbus, but CEO Dou Yi led a founder buyback of that stake in October and then raised this new round.
China.com To Invest $20 Million In Web 2.0 Starups:
Chinese online and mobile portal company China.com has launched its Web 2.0 Developer Program, which includes $20 million allocated for investment in software and Web 2.0 startup companies…it will establish strategic relationships with major local Web 2.0 companies to accelerate the development of innovative products and services for the China market. These will include online video, social networking, blogs, 3G and broadband content and mobile search.
Sosoko.com funding: Chinese media company Han Rong Media Group’s classified ad website Sosoko.com received 120 million Yuan in investment from D&H Capital and Asian Groove HK’s subsidiary Powerway. The investment will be used to construct and develop Sosoko’s online platform, among others uses.
ZCOM Acquires Myrice: Chinese online multimedia magazine publisher ZCOM has acquired Chinese Internet portal Myrice.. Myrice will be operated independently.
Wupima Raises $3M: Chinese social networking site Wupima has raised $3M in first round led by IDG-Accel China Growth Fund.
PayEase Funding: Payease raised $14.5M in its latest round of financing….Based in Santa Clara, but serving the Chinese market, PayEase delivers mobile payments via SMS..The company has merged with Beijing CapInfo’s PayLink division. Investors include the WI Harper Group; Max Fang, CEO of venture firm Maxima Capital Management; Charles Skibo, chairman and CEO of HouseRaising and a former CEO of U.S. Sprint, Springboard-Harper Technology Fund, and Tech Alliance.

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