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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...
NetEase invests $ 31M in Online Video Business
[Translate] NetEase, one of the largest portal site slash game vendor in China is reported to invest more than RMB 200 million (US$ 31 million) into its online video business with special focus on copyrighted contents. According to people familiar with the matter, NetEase has planned something fiercely regarding online video strategy, however its late...
Youku, Tudou and Sohu Lead China’s Online Video Advertising Market
[Translate] Analysis International just released data that shows Youku, Tudou and Sohu share the top 3 positions for the online video advertising market for the second quarter of 2011. Youku has the strongest lead with 23.4% advertising revenue market share, Tudou has 14% and Sohu has 13%. Over the previous quarter, Youku gained 1%, Tudou...
Youku Extends Financial Lead Over Tudou
[Translate] Today Sina Technology News, released a second quarter earnings comparison report between two of China’s major video streaming websites, Tudou and Youku. The key point is that Youku is extending its financial lead over Tudou. Youku’s 2nd Quarter 2011 net revenue was US $30.6 million, a growth of 178% over the same period in...
PPTV will go IPO in 6 months
[Translate] PPTV, the leading peer-to-peer video download services in China, will go for IPO in the U.S. in 6 months, said an investment banking source. Founded in 2004 as PPLive, the Shanghai base was one of the first China online video media. It changes its name to PPTV in 2010 to better reflect its business. Most...
Google+ Hangout Group Video Chat is Cool
[Translate] With the torrents of news feeds about Google+ and influx of people adding me to Google’s new push into social, I finally got to try out the new group video chat feature, called Hangout. This feature is totally useful and am sure will be the norm for VOIP calling. It’s great for visually putting a...
With Soku, Youku Wants the Video Search Market Competing with Baidu
[Translate] We have reported that Youku, the leading online video site had launched its video search engine, called Soku. As we know there are several popular video sites out there such as Tudou, Joy.cn, 56, Sina Video, Sohu Vido, Qiyi, CNTV etc, Soku is indeed a convenient service for the fans who love watch videos...
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