Tudou Receives US$19 Million In Venture Capital For Internet Video Business

July 17, 2007 |

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Chinese Internet video website Tudou.com has formally announced a new infusion of US$19 million of venture capital.

Led by Capital Today and General Catalyst Partners, the round had participation from new and existing investors Granite Global, IDG China, JAFCO Asia, KTB Ventures and JAIC.

"As our audience in China continues to grow and spend more time on Tudou, there will be tremendous potential for advertisers to increase brand awareness with a large, absorbed Chinese audience," said Gary Wang, founder and CEO. "We are excited to work with our investment partners to create value for our audience, advertisers and content partners."

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2 Responses to “Tudou Receives US$19 Million In Venture Capital For Internet Video Business”

By scotty boy – July 17, 2007 at 8:29 pm
What are some other video sharing websites in China? I understand that Google Video is not possible to view over there yet. What about youtube? Can anybody verify if this is true or not? Also does anyone know about laws about video sharing online and if Tudou and other companies are following those?
cheers, Scott
By Hani Mazloum – February 7, 2008 at 1:34 am
Is Tudou really going for an IPO soon? what are the advantage for investors to be part of it

Thanks

Hani

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