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Is This Why Leppert Was in China?

Right now, there are some dudes over at the Crescent going, "What the hell did we just invest in again?"
Right now, there are some dudes over at the Crescent going, "What the hell did we just invest in again?"

Right now, there are some dudes over at the Crescent going, "What the hell did we just invest in again?"

Crescent Court-based Maverick Capital -- which, says here, is "a $10 billion hedge fund" -- has gotten into the online video business. It's done sunk some $30 million into Youku, China's version of YouTube, though with slightly less "Chocolate Rain." Only problem is, the Chinese government isn't high on Youku -- hard to censor, dig? --Robert Wilonsky


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