Today Tudou announced the closing of a new round of funding, an investment of USD 57 million. As far as we know, this the largest round of funding ever for a Chinese internet company. In total Tudou has raised USD 85 million over the past 3 years.
Below the English version of the press release that was sent out to the media today:
Recently there have been lots of rumors in the media about our funding. Originally we didn
I am a Dutch entrepreneur in Shanghai who has lived and worked over 12 years in China. Co-founder of among others Tudou.com and unitedstyles.com, advisor to Spil Games for which I set up and led the Asian operation (2006-2011), and angel investor in Chinese Internet and tech start-ups. Married to Grace, with whom I have a son (Scott) and a daughter (Elaine). These are my personal views and do not necessarily represent the companies I am involved with. You can reach me at marcvanderchijs (at) gmail (dot) com
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No Responses to “Tudou.com closes USD 57 million round”
Congrats Marc! Great news!
First of all congratulations on this additional funding. I think the most important message is what I (think I) read between the lines. You seem to need the money, because you are burning it faster than you are earning at the moment. Even Youtube doesn’t seem to have a solid business model, so it’s not easy. I just wonder if you are able to pull it off, before you need rounds E, F and G funding. But perhaps I’m just a bit too sceptical on our ‘Koninginnedag’
Anyway, goodluck!
I found more information about the tudou funding here. Great resource for China news.
Lekker bezig Marc. Maar daarvoor werken jullie dan ook al heel wat jaartjes in de rondte.
Helaas gaat het mooie en enerverende resultaat van jullie harde werk ook gepaard met de gebruikelijke jaloerse en ondoordachte reacties binnen en buiten de pers. But who cares …
Schrijf maar lekker door aan dit mooie boek … ben benieuwd naar de volgende hoofstukken.
P.S. Alles goed met de kleine?