Tuesday, April 29, 2008

NYTimes: Tudou.com Takes Millions

"Tudou.com, a Chinese online video sharing site, has raised $57 million in Series D funding.

Participants in the round include previous investors IDG, Granite Global Ventures and General Catalyst.

Previous funding rounds raised $500,000, $8.5 million, and $19 million, respectively. The new investment totals $85 million, the company said, adding that the money will be used to increase bandwidth and add servers."

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