Youku Tudou Inc, China's biggest online video platform by the number of users, said on Friday that its mobile Internet business could help to boost revenues as third-quarter net losses increased.
The Beijing-based company reported third-quarter net losses of 91.5 million yuan ($14.6 million), compared to a net loss of $7.6 million for the same period in 2011.
Youku merged with Tudou in August. The two websites now have more than 300 million viewers each week in China, according to Victor Koo, chairman and CEO of the company. Full story
Related:
Temasek injects Tudou - People's Daily Online
China's Tudou.com gets US$35 million from Temasek - WSJ
Singapore's Temasek Invests in China Video Site - WorldScreen.com
Tudou Closes US$50 Million Series E Funding - PR Newswire
Temasek invests $35 mln in China's answer to YouTube - Reuters
Tudou Closes US$50 Million in Funding - RedlineChina
Tudou.com closes US$50 million financing - China Knowledge
China’s answer to YouTube raises $50m - AltAssets
Temasek owns 17% of Tudou upon IPO
