IDG Invests In Chinese Online Cinema Operator

This is an interesting company to invest in: VC firm IDG Venture Capital China 9part of IDG) has invested an initial $4 million in Chinese online cinema operator Netmovie and will invest an additional $12 million in the future.

Netmovie licenses movies from movie studios and offers a movie download service in cooperation with Internet cafes. The company sells prepaid cards for its service in Internet cafes..cafes get a 30 percent cut of the cards sold.

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