Turbine has raised $6.6 million out a planned $50 million round of funding.  Turbine builds online games based on The Lord of the Rings, Dungeons & Dragons, and Asheron’s Call.

Turbine directly competes with Activision Blizzard, the developer of World of Warcraft.  Turbine plans to release Dungeons & Dragons Online into a free game later this year called Eberron Unlimited.

Investors in Turbine include Columbia Capital, Highland Capital Partners, Polaris Venture Partners, Tudor Ventures, and Granite Global Ventures.  Turbine previously raised $95 million.  The company has about 300 employees.

The company is even planning on announcing their first console game in the near future.  Turbine may even buy out another gaming company.

[via PEHub/alarm:clock]

Tudou is the largest video sharing network in China.  The company has recently raised $57 million in Series D.  Tudou has rasied $85 million in total.  With the funding, Tudou is able to power the H.264 high definition videos spread across their site.  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.  Tudou’s investors are IDG Technology Venture Investment, Granite Global Ventures, Capital Today, General Catalyst Partners, KTB Ventues and JAFCO Asia.  Family and venture funds came in from the U.S. and Singapore as well.  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.  The company is now valuated at $150 million.