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Tudou Shares Jump After Announcing Improved Weibo Integration
[Translate] Bloomberg yesterday reported that shares of Tudou (NASDAQ: TUDO), China’s second most popular online video site, jumped after announcing they have improved its integration with Weibo, China’s dominant micro-blog network with 250 million users. TUDO closed at US$16.66 (2.49%) higher than the previous day but well below their 52-week range of $27.91. This is...
PPTV and WASU to Team Up and Bring Innovation to Internet TV in China
[Translate] This post was contributed by Josh Fenn. PPTV and WASU, two of the most popular internet video-on-demand services in China, announced plans to form a strategic partnership and enter the internet TV space at this year’s Consumer Electronics Show in Las Vegas. During the announcement, WASU president Mr. Qiang Cao and PPTV CEO Dr....
Are Chinese More Willing to Pay for Online Video Content Now?
[Translate] China is a fascinating place since it develops and changes so rapidly. Last June I wrote an article saying “Why it’s Difficult to Make Money from Chinese Users – Online Video Example” and I posed the question at the end “Will Chinese consumers ever be prepared to pay for software or online service? When...
Tudou Releases Proof of Youku’s Copyright Foul Play
[Translate] Following the recent news that Tudou is suing Youku for 150 million RMB in copyright infringement and Youku is countering the attack by claiming Tudou was distributing exclusive content, Tudou has released proof that they are in the right. The main content at the centre of the controversy is called “Kangxi Lai Le”, a popular...
Tudou and Youku Fight Over Copyright
[Translate] The two largest online video sites in China, Youku and Tudou are embroiled in a copyright dispute, both accusing each other of using each other’s exclusive content. In the latest punch thrown, Tudou is suing Youku for 150 million yuan in damages over pirating exclusive rights to “Kangxi Lai Le”, a popular Taiwanese entertainment...
China to Launch 3D Channel Next Year
[Translate] Yesterday that the head of the State Administration of Radio, Film and Television, Cai Fuchao, announced a pilot 3D TV channel will commence on a trial basis from January 1 2012 and will officially launch around Lunar Festival in late January. “We have officially started preparations for the country’s first experimental 3D TV channel...
Baidu’s Qiyi Launches New Brand Name iQiyi
[Translate] Still remember the Qwister setback for Netflix? The company finally made peace with its angry customers by announcing backing off the plan to spin off and rebrand its DVD rental business. If there’s anything we can learn from the irritation, it should be that don’t easily give up your existing brand name easily –...
Renren Snags up 56.com for $ 80M in Cash
[Translate] Renren Inc., one of the largest real-name social networking services in China that listed in NYSE (RENN) couple months ago announced buying video site 56.com for $ 80 million in cash. After the acquisition, which is expected to be completed in the fourth quarter of 2011, 56.com will become a wholly-owned subsidiary of Renren....
Tencent Video Spending Hundreds of Millions of RMB to Build Network
[Translate] Tencent is reportedly spending hundreds of millions of RMB to strengthen and expand its online video node infrastructure network. The competitive online video market in China is intensifying with Youku focusing on its technology and content, and Tudou going public recently. General Manager of Tencent Video, LIU Chen has remarked that original content is...
Tudou, the Chinese Potatoes Finally Got IPO, Gary Wang Said He’s Excited and Confident
[Translate] Opened at $24.41 each on the Nasdaq stock exchange, down 13.4% on their $29 asking price, not a perfect debut, but Tudou, the potatoes finally went public today, raising ~$146.6 million with an offering of 6 million American depositary. We had a call with Gary Wang, CEO of Tudou. “It’s been 4 years since...
Umiwi Founder Wang Lifen: When CCTV-Style Content Doesn’t Serve Well Online, We Shift Strategies
[Translate] TV programs make money from commercials; Other online video sites run commercials or charge viewers, or both. In September 2009, Wang Lifen quit CCTV, the state-run TV station, where she had worked as a senior producer and host for 15 years, and founded Umiwi.com. Wang declared this May that strategies for her online video website had shifted,...
Tudou Goes Public, Again
[Translate] The Tudou going public drama is all coming over again. After countless rumors of being rejected by investment banks or being flattered with Baidu acquisition offer or resuming IPO process, Wang Wei, founder and CEO of the battered online video service, comes up with an new package concept of marketing Tudou in an aim to...
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