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Google confirmed its investment in Chinese P2P startup Xunlei according to various reports. We wrote about the investment in early December. The New York Times reports that Google invested $5 million for a 4% stake, which means Xunlei is valued at $125 million — we were pretty close when we put the pre-money valuation at $100 million. The NYT also says that Xunlei.com will use Google’s search capabilities.
China-based analysts at Pacific Epoch know more and say:
According to an unnamed insider, Xunlei recently received US$20 million in investment, in which Google invested US$5 million. Ceyuan Ventures, Morningside Ventures, IDGVC and Fidelity Asia Ventures invested the remaining US$15 million.