Maybe can ask Temasek to invest in Mycarforum

[Nose85]

Tudou IPO soon, says CEO

 

15 Sept 2010

Today

 

SHANGHAI - Tudou.com, China's second-largest online video website, plans an initial public offering soon to raise funds to compete against market leader Youku.com in the world's biggest Internet market.

 

"It's something that's inevitable. It should happen fairly soon. I can't talk about specifics," chief executive Gary Wang, the 37-year-old founder of Shanghai-based Tudou, said of a possible IPO in an interview yesterday.

 

Tudou will sell shares in a "Western market," he said on Bloomberg TV, without elaborating.

 

Tudou and Youku both have said they must invest in bandwidth to broadcast videos and in copyright for professional content that the companies say makes up about 70 per cent of their sites.

 

Youku commands about 18 per cent of China's online-video market, while Tudou has about 13 per cent, according to a survey published by Analysys International, a Beijing-based research firm.

 

"Youku and Tudou share a similar strategic layout and operation mode," according to the Sept 9 Analysys report.

 

While both offer user-generated content, they are also "purchasing film copyrights actively so as to widen the gap with other independent online-video websites," the report said.

 

Tudou started its website in 2005 and has raised US$135 million ($177 million through five rounds of funding, including US$50 million last month, of which US$35 million came from Singapore's Temasek Holdings.

 

Tudou's vice-president for marketing and business development, Ms Anita Huang, told MediaCorp last month when it raised funds from Temasek that it would use the investment to woo more Chinese mobile phone owners to its portal.

 

China has 420 million Internet users, of which at least 277 million access the Internet with their mobile phones.

 

[Good-Carbuyer]

Tudou IPO soon, says CEO

 

15 Sept 2010

Today

 

SHANGHAI - Tudou.com, China's second-largest online video website, plans an initial public offering soon to raise funds to compete against market leader Youku.com in the world's biggest Internet market.

 

"It's something that's inevitable. It should happen fairly soon. I can't talk about specifics," chief executive Gary Wang, the 37-year-old founder of Shanghai-based Tudou, said of a possible IPO in an interview yesterday.

 

Tudou will sell shares in a "Western market," he said on Bloomberg TV, without elaborating.

 

Tudou and Youku both have said they must invest in bandwidth to broadcast videos and in copyright for professional content that the companies say makes up about 70 per cent of their sites.

 

Youku commands about 18 per cent of China's online-video market, while Tudou has about 13 per cent, according to a survey published by Analysys International, a Beijing-based research firm.

 

"Youku and Tudou share a similar strategic layout and operation mode," according to the Sept 9 Analysys report.

 

While both offer user-generated content, they are also "purchasing film copyrights actively so as to widen the gap with other independent online-video websites," the report said.

 

Tudou started its website in 2005 and has raised US$135 million ($177 million through five rounds of funding, including US$50 million last month, of which US$35 million came from Singapore's Temasek Holdings.

 

Tudou's vice-president for marketing and business development, Ms Anita Huang, told MediaCorp last month when it raised funds from Temasek that it would use the investment to woo more Chinese mobile phone owners to its portal.

 

China has 420 million Internet users, of which at least 277 million access the Internet with their mobile phones.

I believfe thay rather invest in City Harvest Church

[MCFmrhonda]

Hi bro

 

That is a good one.

[Nose85]

but but sir

mycarforum is a potential goldmine with unlimited upside

 

 

[Good-Carbuyer]

but but sir

mycarforum is a potential goldmine with unlimited upside

Lets start the goldmining

Edited September 15, 2010 by Good-Carbuyer