Company Overview

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Founded:
December 21, 2006
Founders:
Victor Koo
Headquarters:
Shanghai
IPO:
Went Public on Dec 8, 2010
Stock:
YOKU
Categories:
Technology, Photography
Description:
Youku is a Chinese web streaming video service.

Detailed Description

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As the leading video-sharing website in China, Youku is the most recognized online video brand in China.

The tri-networks integration model applied on this video-sharing platform enables users to search, view and share high-quality video content quickly and easily across multiple devices.

Unlike Boke, Youku’s offerings are not limited to original user-generated content. Its online video content ranges from user-generated content and self-produced serials to licensed professional content. Simply put, Youku offers a space for both individuals and institutions to upload and share their treasured moments, independent films, viral videos, and anything else they create.

Youku was formally launched by Victor Koo on June 21, 2006. On December 8, 2010, Youku was listed on the New York Stock Exchange for its first time. On March 12, 2012, Youku reached an agreement to acquire Tudou in a stock-for-stock transaction, the new entity being named Youku Tudou Inc.

As of November, 2007, the total funds Youku had raised amounted to $40 million, which came from existing investors, including Maverick Capital and Brookside Capital, an affiliate of Bain Capital LLC, Sutter Hill Ventures, Farallon Capital and China- based Chengwei Ventures LLC.

In December, 2007, AC Nelson Co., announced Youku's overall video viewing (VV) rate had exceeded 100 million, and the daily UV rate exceeded 12 million.

Youku faces major competition from rivals like Tencent Video, 163 Video and Sohu Video.

Current Team (10)

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Past Team (1)

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Investors (5)

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  • 59fa0655df8820a2d8896a0abfce5f09

    Chengwei Capital

    Chengwei Ventures invests in companies that have scalable business opportunities in the global...
  • Cb default image

    Brookside Capital

    They design, implement, and manage custom tailored portfolios of liquid assets for high net worth...
  • 6ac59da9b3335d229c3c5b52c0761783

    Sutter Hill Ventures

    Sutter Hill Ventures has financed technology-based start-ups and assisted entrepreneurs in...
  • B7149687146449b65ecf89dd762d945b

    Maverick Capital

    Maverick Capital, Ltd. is an employee owned hedge fund sponsor. The firm provides its services to...
  • 94108ada44334b37d421f4b01dcfba8c

    Farallon Capital Management

    Farallon Capital Management, L.L.C. is an American capital management firm that manages funds on...

Offices/Locations (2)

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  • Office

    Sports West Road, Tianhe District

    No. 101, Victory Plaza, Block A, Room 2703

    Guangzhou City, 510620

    CHN

  • Headquarters

    Unit 1 3301-3303 Grand Gateway, 1 Hongqiao Road

    Shanghai, 200030

    CHN

Competitors (5)

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  • 5c0905b94f5a2e9891ac59e8d9ab1d72

    Ku6

    Ku6 is a Chinese online video sharing site.
  • 96ab3951dd1fd7a7751e552db14b12e5

    iQiyi

    iQiyi is an advertising-supported online television and movie portal focused on high-definition,...
  • 874ebefed818ae1ab8d22424c880a300

    Sohu.com

    Sohu.com is an internet company providing news, information, video content, entertainment, and...
  • Bf1a6b7571e61f93a6617014b709145b

    Tencent

    Tencent is a Chinese internet service portal powering products such as QQ and PaiPai.
  • C933caa183eb20fbb872b8b64bbd099b

    56.com

    56.com is a Chinese video sharing platform enabling users to upload, view and share video clips...

Images (1)

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  • F97e333dd44cad4b90febe0b8022761c

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