About 56 Video
56 Video is a company based in Guangzhou (China) founded in 2005 was acquired by Renren in September 2011. It operates as a Advertising Model, and Freemium. 56 Video has raised $30 million across 2 funding rounds from investors including Adobe, Renren and Hikari Tsushin. 56 Video offers products and services including Video Streaming Platform and User-Generated Content. 56 Video operates in a competitive market with competitors including Kuaishou Technology, YouTube, Dailymotion, VerSe and Triller, among others.
- Headquarter Guangzhou, China
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Products & Services of 56 Video
56 Video offers a comprehensive portfolio of products and services, including Video Streaming Platform and User-Generated Content. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for streaming diverse video content.
Content created and shared by platform users.
Funding Insights of 56 Video
56 Video has successfully raised a total of $30M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $20.0M
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First Round
First Round
(01 Feb 2007)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2007 | Amount | Series B - 56 Video | Valuation | Hikari Tsushin , Sequoia Capital | |
| Feb, 2007 | Amount | Series A - 56 Video | Valuation | Steamboat Ventures , SIG China |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 56 Video
56 Video has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Adobe, Renren and Hikari Tsushin. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in US and China.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 56 Video
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 56 Video
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
56 Video Comparisons
Competitors of 56 Video
56 Video operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kuaishou Technology, YouTube, Dailymotion, VerSe and Triller, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Social platform for sharing short videos
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| domain | founded_year | HQ Location |
User-generated videos and content are shared and streamed online.
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| domain | founded_year | HQ Location |
Web and mobile video sharing and streaming platform
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| domain | founded_year | HQ Location |
Developer of a short-video platform and technology infrastructure
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| domain | founded_year | HQ Location |
Music videos are created and shared through a mobile platform.
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| domain | founded_year | HQ Location |
Video-based social media platform and related services provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 56 Video
When was 56 Video founded?
56 Video was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is 56 Video located?
56 Video is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Is 56 Video a funded company?
56 Video is a funded company, having raised a total of $30M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Feb 01, 2007.
What does 56 Video do?
A comprehensive video streaming service is offered by 56 Video, focusing on diverse content including movies, TV dramas, variety shows, and user-generated videos. Various sectors such as entertainment, education, and lifestyle are covered. Solutions for content creators and viewers are provided through accessible digital media platforms in China.
Who are the top competitors of 56 Video?
56 Video's top competitors include Kuaishou Technology, YouTube and Dailymotion.
What products or services does 56 Video offer?
56 Video offers Video Streaming Platform and User-Generated Content.
Who are 56 Video's investors?
56 Video has 7 investors. Key investors include Adobe, Renren, Hikari Tsushin, Sequoia Capital, and Steamboat Ventures.
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