The two Chinese entities into online video domain, Youku and Tudou are reportedly set to be listed in US next week (Dec’ 2010). Youku soon plans to come up with its IPO which would most certainly be followed by Tudou.
YouTube, which was already gearing up for the US market would only be able to hit the investors’ hut after these two enterprises. The news is highly surprising as both the Chinese players are under scanner for copy right infringement for some time. Ever since their inception, they have been offering viewing of foreign films for free on their sites. In fact the recent Hindi releases like Guzarish, Golmaal-3 and Action Reply were all available online last weekend.
Youku, the largest grosser in its vertical in China, expects to raise around $154 million before listing. Both the sites have a touch of YouTube model, which enables users to upload their videos, personal and reality clippings, television shows and online visuals.
The fact that such sites have generated huge interest among Chinese net population over the last few years, this would boost the already prevailing confidence among the users. Although the couple already boasts of a number of advertisers in the bag, the listing would further add to their existing portfolios.