AAA Tudou closes on $50m series E round

Tudou closes on $50m series E round

Tudou, a China-based online video sharing service run by chief executive Gary Wang (pictured), has raised $50m in its series E round.

Singapore state investment vehicle Temasek led the E round with a $35m investment, with the remainder coming from repeat investors, including US media group International Data Group’s corporate venturing division, IDG China.

Tudou said it had previously raised $85m, including $57m in early 2008, from IDG China and venture capital firms Crescent Point, GGV Capital and General Catalyst Partners.

 

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