Tudou’s latest round led by Temasek Holdings, investing in mobile/portable device growth strategy and building a full media house

(Aug 5, 2010 – Shanghai, China) Tudou (www.tudou.com) today announced it has closed a US$50 million Series E funding round.

Gary Wang, Tudou Founder and CEO said the company is investing aggressively into expanding its main advertising supported web platform, and developing mobile/ portable device video technology as the key future growth drivers.  Tudou also plans to integrate professional content with its “Orange Box” made-for-Internet original programming debuting the first Tudou drama series in fall 2010, as well as large UGC (user generated content) archive of over 38 million videos.  Tudou is transforming its website model into a fully operated media house.

Tudou’s Series E funding round included $35 million led by Singapore based Temasek Holdings Pte. Ltd. (www.temasekholdings.com.sg), and US$15 million from existing investors.  In total Tudou has raised US$135 million funding since the website went live on April 15, 2005, representing the largest investment to date for an online video business in China.

Press mentions:
China’s Tudou.com raises $50 million - Wall Street Journal

China’s Tudou.com Builds Out Studio With Fresh $50M Funding – Wall Street Journal

Tudou raises $50M more for mobile video explosion – Venturebeat

Funding Fuels Tudou’s Branded Original Video Plans – Clickz

China’s YouTube, Tudou.com, Raises $50M – NewTeeVee

Temasek to fund Chinese video website – Financial Times Tech

Temasek invests $46.3m in Tudou – TODAYonline

Temasek invests $35 mln in China’s answer to YouTube – Reuters

Temasek to fund Chinese video website – Financial Times

Tudou.com closes US$50 million financing – China Knowledge

China’s answer to YouTube raises $50m – Alt Assets

For more information contact:

Anita Huang 黄蕙雯
VP of PUB – Product, User, Business Development Tudou – www.tudou.com
土豆网 产品和社区部副总裁
Tel: +86 21 51702355 ext. 6300
Email: ahuang@tudou.com