In an as yet unconfirmed rumor buzzing around Chinese tech blogs, the Second Life like Chinese virtual world Hipihi appears to have just received it's first big round of funding. According to insiders at the firm, the amount, provided by three venture firms is said to be between $7 and $10M.
Founded in 2005, Hipihi is a virtual world that resembles Linden Lab's Second Life closely. Not a great deal is known about it, other than it's in closed beta, and nearing general release. If you've not seen Hipihi, you might like to check out this video released back in March this year.