TITLE

China's YouTube, Youku.com Reels In $40M

AUTHOR(S)
Martin, Scott
PUB. DATE
June 2008
SOURCE
Red Herring;6/30/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the $40 million investment received by Chinese video-sharing site Youku.com from a financing round led by Maverick Capital in June 2008. The investment is said to underscore the attitude of investors towards video online and access to China's over 200 million Internet users. According to Victor Koo, chief executive officer (CEO) of Youku.com, the investment will be allocated to enhance the companies service to users, advertisers and media partners.
ACCESSION #
36826903

 

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