Chinese Video Site Tudou Raises $50M Series E

August 5 2010 by in Baidu, Investing, Media, Shanda, Tencent, Web Advertising, Web Video |View Comments

Tudou just announced that it has raised $50m, bringing the total amount the company has raised to $135m; no word on the valuation but hard to imagine it was lower than $200m. From the press release: Tudou’s Series E funding round included $35 million led by Singapore based Temasek Holdings Pte. Ltd. (www.temasekholdings.com.sg), and US$15 [...]

What A Downgrade of Tencent Says About China’s Online Gaming Sector

June 8 2010 by in Listed Firms, Netease, Online Games, Perfect World, Shanda, Sina, Social Gaming, Tencent, World of Warcraft |View Comments

On Monday evening SIG analyst Zhao Chunming downgraded Tencent from positive to neutral over concerns about its valuation in the face of a slowdown in the Chinese online game market. 48% of Tencent’s revenue comes from online gaming, and in the last several weeks Perfect World, Shanda Games, Giant Interactive and Netease have all issued [...]

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