July 1, 2008 | E-mail article link | m-Travel.com
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Chinese video sharing site gets US$40m fresh funding
Youku.com has closed a funding round of $40 million. The Chinese video sharing site said in a statement it had netted $30 million from existing investors Brookside Capital Partners, Sutter Hill Ventures, Farallon Capital and Chengwei Ventures.
The remaining $10 million is from a loan by Western Technology Investment.
As per the information available, last year Youku had completed three rounds of venture financing totalling $40 million, including from Brookside Capital, Sutter Hill Ventures, Farallon Capital and Chengwei Ventures.
Launched in December 2006, Youku has more than 100 million daily video views, according to research firm Nielsen/NetRatings.
The media shared that this is the second major funding round for a Chinese video sharing site this year. Tudou.com raised $57 million in venture funds in April.
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Comments
Hi,
Video sharing is all the rage these days. We all want to share our videos, to share our passions and the things we like. There are so many sites around to publish our videos on the web that it is sometimes hard to make a choice. We know some of them like YouTube, Revver or Dailymotion, but there are so many others competing to be the number one, or targeting a specific audience, whether geographically (China, Japan, Turkey...), by language (German, Arabic, French...) or for the kind of content they enable to publish (cooking, planes, extreme sports...).
I have compiled a growing list of more than 700 video sharing sites, video search engines, and video download sites that you can check at http://www.ilikesharingvideos.com
For each of them, you will get useful information such as their history, the country from which most of their visitors come, their niche, their rank, their latest news...
This site offers some other interesting features, like a forum about online videos, how to make money with your videos, how to create your own YouTube site, etc.
So if you are interested in video sharing or online video marketing, give an eye to this site, it worths it.
Cheers
Posted by: Alexis | Jul 1, 2008 3:19:35 PM
