27 Aug 2010 13:03

BaiduTV operator Adsit! completes second-round funding

Shanghai. August 27. INTERFAX-CHINA - Beijing-based Adsit! Media Corp., the exclusive operator of BaiduTV, has completed a second round of funding led by Zhejiang Newspaper Group, Adsit! announced on Aug. 26.

Adsit! declined to disclose the sum of the investment or the names of other investors when contacted by Interfax on Aug. 27.

BaiduTV is the video advertising platform of domestic search giant Baidu Inc.

Established in 2006, Adsit! received first-round funding from Baidu, Intel Capital and China Rock Capital Management in October 2007.