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All posts tagged "Youku"

  • Chinese video giants Youku, Tudou complete $1bn merger

    This is big. Chinese online video monoliths Youku and Tudou have announced the completion of their billion dollar merger, with the latter set to halt trading on the Nasdaq today. The reason Tudou is the one to leave the stock market is because it's now a wholly owned subsidiary of Youku, although the company will now officially be known as Youku Tudou Inc. That puts to rest Tudou's earlier assertion that it...

  • Youku, Tudou put aside rivalry in merger deal

    Chinese online video giants Youku and Tudou have announced plans to merge. According to Tudou the deal will take the form of a 100% stock-for-stock transaction, with the new company to be called Youku Tudou Inc. "We intend to lead the next phase of online video development in China. Youku Tudou Inc. will represent a differentiated leader in the online video market in China with the largest user base, most comprehensive content...

  • Chinese video platform Tudou enhances sharing with Sina Weibo

    Chinese video integration site Tudou has announced an enhanced video-sharing site for China’s most popular microblogging platform Sina Weibo. The companies claim that the platform will allow any Sina Weibo user who isn't already registered on Tudou to "upload and share videos seamlessly to and from Tudou's video site". The move reportedly builds on an existing history of cooperation between the two companies. What this means, essentially, is that Todou can now...

  • Chinese news agency urges end to ‘cancer’ of online rumours

    China's official state news agency has called on websites in the country to put a stop to the "cancer" of online rumours. The call is believed to be the latest sign of unease over the potential of social networks to subvert the official Communist Party line. The call, from the Xinhua news agency comes days after a senior Communist Party official issued a similar warning to China's largest microblogging platform Sina Weibo....

  • China’s Sina Weibo bans users for spreading ‘false rumours’

    China's largest microblogging service has contacted millions of its users warning them to ignore any false reports spread over the network. The move is being viewed by some as a sign of growing unease over the rise of social networking sites in the country. Sina sent at least two messages to its Weibo (pronounced Wei-bohr) users refuting rumours which had spread through the network. One such rumour stated that the suspected murderer of a 19 year old woman had been released on bail because of his father's connections. The social network said the bloggers who had posted the...

  • Social media in China: The same, but different

    Much has been written of late about the Chinese government’s efforts to control and censor the internet. The government’s censorship of websites is an important issue, but it is not the top priority of the country’s 420-million internet users (netizens). Their top priority? Connecting with other Chinese online. The internet has opened access to information for ordinary Chinese citizens in ways that were unimaginable just a few years ago. Coming from a world where information was pre-filtered by editors at state-run media, China’s internet is freewheeling by comparison. Quick Glance Chinese internet users are actively engaging in social media—especially home-grown social...

  • Chinese YouTube Youku.com soars in Wall Street debut

    Shares in Chinese online video company Youku.com's soared 161 percent on their first day of trading on Wall Street -- the strongest New York Stock Exchange debut in more than five years. Youku's founder and chief executive Victor Koo rang the opening bell on Wednesday to celebrate the firm's debut, which ended at 33.44 dollars from their 12.80 pricing, completing a 203 million-dollar initial public offering. The first day performance by Youku -- whose name means excellent and cool -- was the best since Baidu, China's most popular search engine, rose 354 percent in August 2005, according to New York Stock...

  • China’s internet video sector comes of age

    A crying shop girl runs in front of a red convertible, staring down the driver as he screeches to a halt. "That Love Comes" has all the elements of Chinese television drama, only it is not on TV. The show is the first made-for-internet original production by Shanghai-based Tudou, a web site often described as China's YouTube. It now hopes to draw comparisons to HBO as well. Tudou -- whose name is the Chinese...