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?"

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

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


All-access pass to the top stories, events and offers around town.

  • Top Stories