Chinese Video Site Youku Raises $40 Million Fourth Round
Concerns over online video limitations in China aren’t stopping the flow of money into the sector… Youku says it has raised a $40 million fourth round from past backers Brookside Capital Partners, Sutter Hill Ventures, Farallon Capital and Chengwei Ventures, plus a $10 million equipment loan from Western Technology Investment. Altogether, the company has now raised $80 million. The site is one of a handful of heavily-backed Chinese startups in this space, including Tudou.com and 56.com, which remains offline. Release.
Jun 30, 2008 10:53 AM ET
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Video, Countries, Asia, China, brookside capital partners, chengwei ventures, farallon capital, sutter hill ventures, youku
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