Jidong.com relevant source disclosed that, about two weeks ago, more than 10 YouTube United States staff visited jidong.com to discuss matters relating to entering China. In the preliminary negotiation both sides reached the current strategy, YouTube opened special channel at jidong.com to output huge amount of video resources to user.

Last week, Hulu CEO had a “secret meeting” with a number of domestic video sites leaders including jidong.com. Chairman Lv Wensheng from jidong.com said he was optimistic about this interacting sharing model of YouTube.

On May 12 jidong.com announced officially it was issued by the State Council Information Office of the “Internet News Information Service License”, and became the first private video site holding news license. Industry analyst said YouTube selected jidong.com to indirectly enter China was because jidong.com was the first private video site with news license, which can avoid some policy risk. But till now, none of these sites was making profit; even the ku6 was in loss, which was backdoor listed at stock market though hurray, therefore, these foreign video sites prospects are not optimistic.