Chinese Video Leader Tudou Raises $57M

Tudou, the leading online video site in China, said today it’s raised fourth-round venture funding amounting to $57 million. The majority of this round had already been reported, but today the company confirmed the entire amount, according to various reports.

The raise reportedly came from IDG Technology Venture Investment, Granite Global Ventures, General Catalyst Partners, and a member of the Rockefeller family, and brings Tudou’s total funding to $85 million over its three years of existence. That’s even more than Brightcove!

Tudou CEO Gary Wang claimed 45 million monthly uniques when we interviewed him in November. For more about Tudou see coverage and video of the panel Wang appeared on at our NewTeeVee Live conference.

Tudou last month reportedly received a shutdown warning from the Chinese government regarding pornographic and other banned content. Wang told Bloomberg that lawsuits over copyright violations are one of the things keeping the company from filing to go public. Tudou’s main competitors are Youku and 56.com.

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