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Tudou IPO takes off in New York

08-17-2011 15:28 BJT

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As we've just seen, Tudou priced its IPO in New York on Tuesday night, raising 174 million U.S. dollars in a deal that values the Chinese streaming video website at 3.2 billion U.S. dollars.

One analyst from online data compiling company, Analysys International, told our reporter Yin Hang that the successful offering marks a reopening of the U.S. IPO market after shutting down last week amid market turbulence. It also signals a vote of confidence in Chinese companies by U.S. investors.

Tang Yizhi, analyst from Analysys International, Beijing said, "I believe that Tudou has acquired extensive experience during many years as a online video service provider. Its user numbers are solid. Meanwhile, its branding promotion and sales channels are also pretty good. operates in a developed business mode. And the whole industry is more developed now in China. So, it's not a matter of good or bad timing to list abroad, it's a necessary and important move. If it's postponed or delayed, it will be harmful for their business."

Editor:Li Wanran |Source: CNTV.CN

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