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 2010. In contrast, Tudou reported US $17.8 million net revenue, and growth of 94.5% over the same period.

In terms of net profit loss, Youku registered a loss of US $4.35 million compared with Tudou’s loss of US $12 million.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.