Tudou Raises $57 Million Series D
Tudou is the largest video sharing network in China.Â The company has recently raised $57 million in Series D.Â Tudou has rasied $85 million in total.Â With the funding, Tudou is able to power the H.264 high definition videos spread across their site.Â Tudous receives 100 million video clip views and 10 million unique hits every day.
Previous Tudou investors were involved with this additional round of funding.Â Tudou’s investors are IDG Technology Venture Investment, Granite Global Ventures, Capital Today, General Catalyst Partners, KTB Ventues and JAFCO Asia.Â Family and venture funds came in from the U.S. and Singapore as well.Â Tudou will soon be having the their first Film Festival.
Tudou generates a lot of traffic from AllUc.org, a site that links to full length movies, cartoons, and music videos.Â The company is now valuated at $150 million.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry