Google bets on China vids

Google Inc. plans to invest in Shenzhen Xunlei Network Technology Ltd, developer of systems that let Web surfers download videos, according to Industry Updates. Backers of the company include IDG Venture Capital and Morningside Asia Advisory Ltd. Google earlier this year made a big splash in online video with its 1.65 billion purchase of Shenzhen Xunlei is based in Shenzhen, in southern China.