A few months ago, it seemed online video site, Tudou was flying through a storm especially when it IPO’d in August and faced increasing pressure from Youku. Now it seems, the storm has settled and financially, things are improving for Tudou.

Tudou has just reported its Q3 2011 financial results. Here are the highlights:

The increase in net revenues is due to increased demand for online advertising services. The decline in gross profit was primarily due to the increase in Internet bandwidth costs and licensed content costs.

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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.