Chinese smartphone maker Xiaomi announced that the company plans to invest USD10 million to purchase shares of Youku-Tudou from the secondary market, which will enable the playing of Youku-Tudou contents on Xiaomi devices. Xiaomi will also buy Youku-Tudou shares from the open market. The two parties will make a joint investment of an unknown sum […]

In the face of massive competition from state-owned businesses, stalwarts like Youku Tudou, and mobile-only start-ups, Chinese Internet video website Letv.com says it's profits are bursting. Letv.com published its unaudited annual performance pre-announcement for 2013, stating that the company expects to see net profit between CNY250 million and CNY270 million, a year-on-year increase of 30% […]

Chinese Internet video provider Youku-Tudou Group confirmed that Yang Weidong, former Nokia executive, has been appointed senior vice president for Youku-Tudou Group and president for Tudou.com. In the new role, Yang will be responsible for the core operating businesses, including content, marketing, and content marketing, under the brand of Tudou.com. Gu Yongqiang, chairman and chief […]

Proving that fairness ends at the Great Firewall, Chinese video website Tudou.com announced that it has reached agreement with China Telecom to increase the video upload speed on Tudou.com for users in Shanghai. According to local media reports, Tudou.com said with the cooperation, China Telecom's fiber network users in Shanghai will enjoy about 4 Mb/S […]

China Netcom (CN), one of the fixed line telecom service providers in China, has started a new program to hop into the Internet video market by signing agreements with eight media agents and content providers as strategic partners for the program.