Friday, December 8, 2006

Google funding Chinese Thunder?

It is a widely held rumor that Google is investing nearly $ 100 Million in Xunlei a P2P a Chiense file sharing network operator in association with another Shanghai based venture capital firm called Ceyuan.
Till date there have been 75 million software downloads approximately from Xunlei says a report.
Literally translated into English, Xunlei means thunder.
The company was started by two Chinese entrepreuners who earlier worked in the Silicon valley and moved back to Chine.
To settle the rumor mill Google is yet to make an official announcement on the investment plan.

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