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)Update
Chief Marketing Officer
Chief Financial Officer
Senior Vice President
Chief Technology Officer
Chairman, CEO, and Founder
Senior Vice President
Chief Content Officer
Funding Rounds (5) - $120MUpdate
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- 07/09/12 -techcrunch.com