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Chinese Video Site Attracts $30M in U.S. Funds

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Jul 3, 2008 

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Kathleen  |

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Chinese Video Site Attracts $30M in U.S. Funds

ADOTAS – China’s largest video Web site, Youku.com has attracted $30 in venture funding led by U.S. hedger Maverick Capital. Current U.S. investors Brookside Capital, Sutter Hill Ventures and Farallon Capital also joined in, along with Chengwie Ventures.

Youku.com also received a $10 million equipment loan from Western Technology Investment.

Youku.com attracts about 100 million uniques a month, with each person spending about 300 minutes on the site.

Tags: finance, internet-advertising-news, Maverick-Capital, venture-capital, video-advertising and youku.com

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