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Tudou Announced $57 Million Financing

Posted on April 28, 2008

It has been rumored for quite a long time, Tudou, the largest video sharing website in China, finally officially announced its $57 million series D financing at a $150 million valuation, which is the largest round of funding ever for a Chinese Internet company, and make Tudou s total fund raising to $85 million over the past 3 years. Previously, Tudou raised $500k, $8.5 million and $19 million respectively. Tudou said in its press release:We were very happy that our existing investors decided to double-down on us by re-investing in this round(note by CWR: Tudou s existing investors include...

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