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 [...]
This post originally appeared on Sinocism.com, my blog about more general China topics. China’s efforts to build its “soft power” have been in the news over the last few months. So far none of the coverage of the media strategy for soft power has discussed what may be the fatal flaw in the government’s strategy-the [...]
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 [...]
Trilogy Ventures China early stage VC investment http://bit.ly/bw9uuT # Southern Weekend-R Chinese web users tiring of SNS sites like Kaixin001, Renren, 51.com et al? 国内社交网站急降温：舍本逐末频遭厌倦感 http://bit.ly/9i9CU9 # China protects booming e-book reader industry — Shanghai Daily http://bit.ly/cyzoYZ # Chinese workers link sickness to n-hexane and Apple iPhone screens | The Guardian http://bit.ly/b98lkv $aapl # Chinese [...]
Qiyi.com launched this week. It is a partnership between Baidu and Providence EquityPartners, an investor in Hulu. Qiyi flatters Hulu with a front page nearly identical to Hulu’s.
As I mentioned in my last post, over the last several months money has continued to pour into Chinese online video sites. Baidu (UPDATED with official announcement) raised $ 50m from Providence Equity partners for Qiyi.com, a Hulu clone. Shanda-controlled Hurray bought Ku6 for $ 40m+, a distressed price in relation to the $ 30m+ that [...]
The China Media Project, based at the University of Hong Kong’s Journalism and Media Studies Centre, is probably the single best public, English-language resource for understanding the political and ideological drivers behind China’s media policies. Some recent posts include: Weighing in on Google’s Predicament in China Grabbing the Reins of “Online Political Participation” A Few [...]
Items of Interest