Rumor: Tudou to IPO in Q4 2010
Sina Tech, 10/19/09
Gary Wang, CEO of Chinese video sharing platform Tudou, reportedly announced at a companywide staff meeting last week that the company intends to IPO in Q4 2010, according to a source within the company. Tudou's PR department declined to confirm or deny the report, but said the firm does plan to invest RMB 100 mln in content development next year. A Tudou spokesperson pointed out that every Tudou employee already owns shares, and the company would likely choose to list on the Nasdaq.
Keywords: bourse Gary Wang content Internet IPO Nasdaq Tudou online video
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