Youku files for US-based IPO, aiming for $150 million
China’s top online video site Youku.com, backed by VC firms including Chengwei Ventures and Maverick Capital, has submitted filings to the US Securities and Exchange Commission in hopes of launching an IPO that could garner up to $150 million – a process that mirrors the recent news of fellow Chinese video website Tudou.com.
Last month, number-two ranked Tudou, which contractually shares a portion of its content library with Youku, announced that it would make its public debut NASDAQ in Q1 2011, also aiming to garner between...
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