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 [...]
June 3 2010 by
in
Baidu,
Investing,
Listed Firms,
MA,
Media,
Mobile,
Music,
Netease,
Tencent,
WVAS,
Web Advertising,
Web Video |
Ku6, acquired by Shanda (Nasdaq:SNDA) controlled Hurray Holdings (Nasdaq:HRAY) in November 2009, is now poised to become the first US-listed pure play Chinese online video site. I have written extensively about China’s online video business. To date more than $500M has been invested into various Chinese firms, with the field effectively winnowed down to four standalone [...]
