Chinese Virtual World Company Hipihi Receives Venture Funding

Hipihi, one of China’s first 3D virtual world operators is receiving investment from three venture capital funds. Hipihi is often compared to Linden Lab's Second Life. Hipihi’s virtual world started its beta testing in March and is currently limiting the number of registrations. The investment deal, estimated between $7 and $10 million, indicates a strong interest in the potential of virtual worlds in China. Source: sina.com.cn