Chinese Video Site Tudou Will Be Going Public “Soon”, the second-largest online video site in China, is making plans for an IPO on the Western markets, according to a report by Bloomberg. The offering, which Tudou CEO Gary Wang told Bloomberg was “inevitable,” comes as competition heats up in the Chinese online video market.

China’s YouTube,, Raises $50M

Online video companies in China continue to attract investors, as they battle it out for the attention of the 1.3 billion people that reside there. The latest to raise money is, which just announced a $50 million Series E investment led by Singapore-based Temasek Holdings.

Chinese Video Leader Tudou Raises $57M

Tudou, the leading online video site in China, said today it’s raised fourth-round venture funding amounting to $57 million. The majority of this round had already been reported, but today the company confirmed the entire amount, according to various reports.

The raise reportedly came from IDG Technology Venture Investment, Granite Global Ventures, General Catalyst Partners, and a member of the Rockefeller family, and brings Tudou’s total funding to $85 million over its three years of existence. That’s even more than Brightcove!

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