× founder Greenspan launches company to invest in Chinese internet properties

MUMBAI: founder Brad Greenspan has 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, informs an official release.

"The launch of BroadWebAsia will allow me to implement my proven US internet strategy in China, where there are more than 120 million Internet users, making the country second only to the US in terms of online users," said Greenspan. "With less than 10 percent of the Chinese population online, there is vast potential for growth. By partnering with early leaders and working with local management, we will dramatically increase traffic and revenue potential for our emerging online Chinese partners."

BWA's first portfolio company,, is the first meta-search engine focused on China. BBMAO was just named one of the 100 "most promising companies in all of Asia" by Red Herring Asia magazine. Greenspan helped the founders of BBMAO strategize and launch the Web site more than nine months ago. Today, BBMAO has over 70,000 unique users a day and is continuing to grow quickly while rolling out new features.

BWA is also seeking to raise up to $50 million dollars for other acquisitions, investments and transactions in the Chinese internet marketplace. Greenspan serves as BWA's chairman of the board, the release adds.

Greenspan previously served as founder, CEO, and chairman of eUniverse (later renamed Intermix Media), where he led the creation and launch of MySpace in August 2003. eUniverse owned 100 per cent of MySpace -- and Greenspan through his ownership of eUniverse -- owned approximately 30 per cent of MySpace, effectively making him the largest historical
individual shareholder of MySpace. At MySpace's inception and launch, Chris DeWolfe and Tom Anderson were eUniverse employees that managed MySpace under the direction of Greenspan.

Latest Reads
FOODFOOD announces veeba cook off powered by Daawat Basmati Rice and Tata Sampann

Cooking doesn’t get tougher than this! FOODFOOD Pro an initiative of FOODFOOD, India's premier 24x7 Food and Lifestyle channel is proud to announce an intense and exciting eleven - episode series, VEEBA COOK-OFF, a challenge, that is purely ‘By the Professionals and For the Professionals'. This...

Television TV Channels Factual & Documentary
Celebrate Republic Day with megastar league on Sony Max 2

MUMBAI: On Republic Day get ready for an all day long movie marathon with India’s iconic Hindi movie channel from Sony Pictures Networks, SONY MAX 2. Binge-watch the movies of some of Bollywood’s megastars throughout the day on 26th January with SONY MAX 2’s Megastar League. 

Television TV Channels Movie Channels
2017 blockbuster hit 'Golmaal Again' will make its television premiere on star gold this friday

Star Gold is kicking off the year with the World Television Premiere of one of the most succesful films of 2017, Golmaal Again, that raked in over 200 crores at the box office and set it on fire with its unmatched gags and action. The film that left audiences in splits of laughter and many ‘...

Television TV Channels Movie Channels
BBC Worldwide India announces partnership with Applause Entertainment

BBC Worldwide India has announced a partnership with Aditya Birla Group’s Applause Entertainment that will see the two organisations working together to develop and produce Indian versions of iconic BBC formats.

Television Production House Non-Fiction
Bring in Republic Day with the award-winning political comedy VEEP on Star World

Our 68th Republic Day is just around the corner and considering the political scenario in our country and globally, Star World has lined-up a marathon of a show that is not only entertaining but also takes a satirical view into what goes on behind-the-scenes in government policy-making and...

Television TV Channels English Entertainment
ZEEL president - Legal & Regulatory Affairs, Mr. Avnindra Mohan conferred prestigious "CA Distinguished Achiever - 2017" Award by ICAI

Mr. Avnindra Mohan, President – Legal & Regulatory Affairs, Zee Entertainment Enterprises Ltd has been selected as the winner of the prestigious award in the category “CA Distinguished Achiever-2017” for exceptional performances and achievements by the Institute of Chartered Accountants of...

Television TV Channels GECs
Discovery India ties-up with Reliance Animation to produce kids IP

Discovery Communications India has commissioned Reliance Animation to produce a new disruptive Indian original content series Little Singham, an animation series inspired by the movie Singham. Targeted at kids in the age-group 4-8 years old, Little Singham will make its debut on television in...

Television TV Channels Kids
Star Sports EVP and marketing head Shubhranshu singh quits

MUMBAI: Star Sports Executive Vice President and Head Marketing Shubhranshu Singh has quit the company after a four-year stint.

Television TV Channels Sports
Discovery bags nine sponsors for Battle Ops

Battle Ops, Discovery Communications India’s (DCIN) integrated television and digital offering, has received a resounding response from the advertiser community. The show, which will premiere on Discovery Channel and Veer on 26th January, has already sold out with nine sponsors on board.

Television TV Channels Specialised and Niche

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories