Chinese dotcom garners international financing

Beijing-headquartered Oak Pacific Interactive, an internet content and communications provider, has received $48 million (€40 million) in financing from a group of private equity and venture capital firms led by General Atlantic.

Doll Capital Management, Technology Crossover Ventures, Accel Partners and Legrand Capital also participated in the funding round.

As part of the financing, Vince Feng, managing director of General Atlantic, and David Chao, co-founder and managing director of Doll Capital Management, have joined Oak Pacific’s board of directors.

Doll Capital Management, Accel Partners, Legrand Capital and Itochu Technology Venture previously invested in UUMe, a Chinese social networking platform acquired by Oak Pacific in late 2005.

Oak Pacific Interactive, formerly known as ChinaInterActiveCorp, provides next generation internet platforms providing Web2.0 communities, content distribution and integrated communication. The company’s online brands include mop.com, UUme.com, donews.com and wowar.com. The company, which also has offices and sales representatives in over 20 cities in China, has a total registered user base of about 22 million.

“Oak Pacific is representative of the next-generation internet companies and, with its powerful underlying Web2.0 platform, is establishing a leading portfolio of internet communities,” said Doll Capital Management’s Chao in a statement.