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Renren.com To Acquire 56.com For USD80 Million
September 27, 2011Chinese social networking site Renren.com has announced plans to acquire the entire stake in 56.com, a Chinese video website, for USD80 million in cash.
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Youku And Tudou Are Not The Chinese Internet Video YouTubes
December 8, 2010Youku.com and Tudou.com, along with about a dozen competitors, are known as the Chinese versions of YouTube. But beyond the common ability for users to upload videos to Youku.com, Tudou.com, and YouTube, the Chinese and Western business models face different futures.
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56.com Will Shift To SNS Sector
September 17, 2008An investor of 56.com says that with the approval of its board of directors, 56.com, the former Chinese video website, will shift to social networking services.
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Investors Jump Into Deep Water: China's Youku.com Raises USD30 Million
July 1, 2008At the same time as China's State Administration of Radio, Film, and Television has been closing online video websites in China, investors using recondite information have decided to dump another USD30 million into Chinese online video website Youku.com.
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56.com Stops Internet Video Operations, But Denies Shutdown In China
June 4, 2008Access to Chinese online video provider 56.com has been suspended since 18:00 on June 3, but the company has denied this has something to do with a rumored shutdown by China's State Administration of Radio, Film and Television. Instead the company attributes the suspension to a server malfunction.
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