Beijing-based Youku.com, China?s largest online video company, recently filed for its IPO with the SEC, hoping to raise a reported US$150 million on the New York Stock Exchange.
This in itself would be a news-worthy event -- it's not every day China?s largest online video sites makes moves to go public -- but Youku?s announcement comes less than a week after fellow Shanghai-based Internet video site Tudou.com announced it was filing for an IPO on the Nasdaq, hoping to raise US$120 million.
Source: http://www.cnngo.com/shanghai/life/tudou-and-youku-race-rights-say-i-did-it-first-589270
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