Temasek Holdings Invests USD 35M Into Tudou
August 6, 2010 by Gwendolyn Regina T
Singapore’s Temasek Holdings has invested S$46.3m (USD 35m) in popular Chinese video sharing site Tudou. This is part of a Series E funding round that includes another USD 15M from existing investors, to make a total of USD 135M raised over Series A to E since going live 15th April 2005.
Tudou is the second largest online video sharing site in China, behind Youku, according to Beijing-based internet research company, Analysys as reported by FT.
With the new wave of funds, Tudou wants to focus on expanding its main advertising-supported web platform and developing mobile/portable device video technology, having lamented on the fact that “There is one Tudou application for the iPad already but it’s not good enough – it has only 40,000 videos,” Gary Wang, founder and CEO of Tudou.
Tudou will also launch its first made-for-Internet drama series this fall 2010.
About The Author
Gwendolyn Regina T - Co-Founder and Editor-in-Chief
Apart from SGE, Gwen is also a Partner at Thymos Capital, where she focuses on early stage investments in technology firms. She has had two exits out of her investments via the firm, one of which is iHipo. A frequent judge for business competitions both locally and overseas, she graduated from the National University of Singapore. Gwen also spent some time in Silicon Valley and studied in Stanford University under the NUS Overseas College programme. Gwen is a mentor at Spanish incubator Tetuan Valley, Polish incubator Gamma Rebels, the Singapore Ambassador for the Sandbox network and the Singapore curator for StartupDigest. She enjoys languages, travelling, dance and adventure sports. Gwen can be found on LinkedIn and Twitter.
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