[photopress:thunderimage.jpg,full,alignright]Google will invest in Shenzhen Xunlei Network Technology, a Chinese Web site that helps users download videos from the Internet. Google’s investment in Xunlei (the name can be translated as ‘thunder’) which is based in Shenzhen, south China, may help it tap the growing popularity for online videos in the world’s second-biggest Internet market.
In October last year Google paid $1.65 billion to buy Youtube, a Web site that lets users post videos for others to watch. The two are not exactly the same in approach or style but it would not be misleading to say that Xunlei has the potential of becoming the YouTube of China with some extra add-ons. In fact, both companies have had the same legal difficulties from the uploading of videos where the copyright can be challenged.
Xunlei has partnership agreements with companies such as Motorola, Sina and Shanda Interactive Entertainment.
Source: Bloomberg
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