The Now/ledge

A Guide to the 'Now' Revolution in News / by Alan Soon builds out production facilities with new funding

This is worth watching. Tudou, China’s massive YouTube-like video service, is spending its new-found $50 million cash pool on building out its video production facilities. This is an interesting change of strategy — we aren’t talking user generated stuff anymore. This is professional production. How long before they become a TV media company?

Also — what’s interesting about the fund raising is that Singapore’s Temasek Holdings bought a stake in the company for $35 million. Hmm.


Filed under: General

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