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Tudou: A Push Towards Mobile Video and Profits

Source: TechCrunch

Nov 08, 2009

Summary

Executives from Tudou—one of two companies left fighting it out to be the YouTube of China—were in San Francisco earlier this week to meet with investors and do a little schmoozing.

I met up with CEO Gary Wang and COO Sam Lai, who already raised some $85 million from Granite Global Ventures and General Catalyst Partners, and they swore they weren’t here trying to raise more cash. That’s a bit of a shock. Last we wrote about Tudou and its arch-competitor YouKu, they were burning through hundreds of millions between them trying to find what YouTube still hasn’t: A way for online advertising to pay for video’s outrageous broadband costs.

But more on Tudou’s financial prospects in a moment. One of the more interesting things we talked about was the company’s new push into mobile. Last week, Tudou won a deal to be the online video channel for China Mobile. Other than one-upping YouKu, who Wang says lost the deal, this doesn’t mean a huge amount yet. So far video can only run on high-end phones and much of China can’t even get 2G access, let alone 3G. And those who c

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