MySpace.com founder Brad Greenspan announced that he has launched and provided initial funding for BroadWebAsia (BWA), a new company that partners with and powers social networking, entertainment and Internet search properties across Asia. BWA has already signed agreements to invest in and partner with more than 20 rapidly growing Chinese Internet companies. Combined, these companies have more than 20 million unique visitors and approximately one billion page views per month, with tremendous opportunity for growth. One of his portfolio company is BBMao.com.
With BroadWebAsia, Greenspan said he hopes to replicate the success he had with MySpace. He said each of his investments so far have ranged from $200,000-$3 million and all have been financed through BroadWebAsia, which employs 15 people in offices in Los Angeles and Shanghai.
Link: BroadWebAsia