SHANGHAI, Feb. 3, 2011 /PRNewswire-Asia/ -- Tudou Holdings
Limited (NASDAQ: TUDO) ("Tudou" or the "Company"), a leading
integrated Internet video company in China, announced today an enhanced video
sharing platform for Sina Weibo (NASDAQ: SINA) users to upload and
share videos seamlessly to and from Tudou's video site. The
enhanced functionality builds upon the existing cooperation between
the two companies. Tudou is the first third party video site to
enable this level of enhanced functionality for Sina Weibo users,
who can now share their video content on Tudou's platform.
In addition, Sina Weibo users who are not registered with Tudou,
but wish to share their videos with Tudou's users, will
automatically become a registered Tudou user. Their user account
names at Tudou will be identical to their Sina Weibo account names.
Sharing functionalities enable users to sync comments and
discussions on both platforms.
Tudou is currently one of the most popular video sites for
sharing videos on Sina Weibo. Tudou video clips on Sina Weibo rose
234% from June 2011 to September 2011. The latest enhanced video sharing
platform will provide a highly integrated user experience for both
Sina Weibo and Tudou users.
Sina Weibo is one of the largest micro-blogging and social
networking sites in China. As of
September 30, 2011, Sina Weibo had
approximately 250 million registered users, who on average post 86
million messages per day.
"We are building a more powerful video user ecosystem," said
Gary Wang, Founder, Chairman and
Chief Executive Officer of Tudou. "The Internet's core strength
lies in creating and sharing information. Sina Weibo creates strong
interaction between its users, and Tudou generates deep emotional
connections between Internet users and content. Creating and
sharing content is at the core of the Internet, and Tudou's
cooperation with social networking sites such as Sina Weibo is a
powerful combination which will deepen consumers' online video and
sharing experience."
About Tudou.com:
Tudou Holdings Limited (NASDAQ: TUDO) is a leading integrated
Internet video company in China
providing premium licensed content, user generated content ("UGC"),
and original in-house production. Founded in 2005, Tudou was
the first UGC video sharing website launched in China. The "Tudou" brand is one of the
most recognized Internet brands in China, and the annual Tudou Video Festival has
become a signature event in the online video industry. For
more information, please visit http://ir.tudou.com.
Safe Harbor: Forward Looking Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements
can be identified by terms such as "may," "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "aims",
"estimates," "confident," "likely to" and similar statements.
Among other things, the Company's strategic and operational
plans contain forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement, including but not
limited to the following: the Company's business strategies,
initiatives and plans; the Company's future business development,
results of operations and financial condition; changes in the
Company's revenues and certain cost or expense items; the Company's
expectations with respect to increased revenue growth and its
ability to sustain profitability; the Company's services under
development or planning; the Company's ability to attract users and
advertisers and enhance its brand recognition; and the ability of
the online video and advertising industry in China to grow at rates projected by market
data, or at all. Any of the foregoing risks may materially
adversely affect the Company's business and the market price of its
ADSs. In addition, the rapidly changing nature of the online
video and advertising industry in China subjects any projections or estimates
relating to the growth prospects or future condition of the
Company's market to significant uncertainties. If any one or
more of the assumptions underlying the market data turns out to be
incorrect, actual results may differ from the projections based on
these assumptions. You should not place undue reliance on these
forward-looking statements. Further information regarding
these and other risks is included in the Company's registration
statement on Form F-1 filed with the Securities and Exchange
Commission. All information provided in this press release is
current as of the date of the press release, and the Company
undertakes no duty to update such information, except as required
under applicable law.
SOURCE Tudou.com