Tudou.com Completes Fourth Financing Round

According to China’s TopCapital, the investors of Tudou.com are mainly from Europe and the U.S. It not only includes IDG, General Catalyst and GGV, all of which invested in Tudou.com in the past, but also some big consortia like the Rockefeller family.

The financing of Tudou.com is regarded as a milestone of China’s online video industry. The joining of the big consortia like Rockefeller is believed to bring the competition within the industry to a higher level.

However it is still unclear if online video can make money in China. Because broadcasting rights and media in China are highly regulated, some analysts predict that eventually China’s state-run media will launch its own full-blown Internet video service and crush privately-owned firms. In addition, with total Internet advertising a small fraction of the total advertising in China, Internet video has lots of competition as it seeks ads. Long term, these investors might be hoping to make money off a bubble buzz rather than sustainable long term revenue, let alone profits.

Source : Chinatechnews

0 comments

Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

	Zhou HongYi , the chairman of Qihoo 360: Micro-Creative drives changeComments Off Nowadays UE(User Experience) as a dominating mode in new times, is greatly impacting on the management of traditional business. Because e-business extremely develops, consumers for some products feel can quickly convey to every corner of the world. So if you can from the user’s perspective, even a tiny change, such a tiny change, I call

	Dell 100 Billion in China(0) Dell Inc. plans to spend more than $100 billion over 10 years to broaden operations in China and capture more sales in the world?s second-largest economy, reported Thursday’s Bloomberg.

	Sina is expected to get the Internet map license in first batch(0) By the end of 2010, those who have not obtained a license but still in business will be regulated.

	Hacker website said they could modify the college entrance examination scores with payment from 3,00(0) A web named ‘hacker group’ claimed that by using hacking technology, they can provide services such as CET-4, CET-6, civil official examinations modification, ‘Even the college entrance examination scores can be changed in the system.’

	Xin Hua Du independent directors recommended a dismissal of Jun Tang(0) Fang Zhouzi is still exposing more evidences of Tang Jun fraud at his micro-blog.