Pacific Epoch is reporting rumors today that the Chinese P2P company Xunlei is in talks with U.S. venture capital companies to raise a final round of $100 million. Xunlei had previously secured a total of $30 million in funding, with an estimated $5 million coming out of Google’s check book. An IPO is planed for later this year, according to Pacific Epoch.

Xunlei isn’t the only Chinese P2P company raking in big bucks these days, and we’re not just talking about VC play money, either. The Chinese market research company iResearch is reporting that P2P companies like PPLive and PPStream are attracting an increasing amount of advertising dollars. The growing revenue goes along with tons of users watching thousands of video streams. Maybe Joost and others should take a look at China to see how to make money with P2P video. Continue reading at

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