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Youku Tudou Inc history
Youku Tudou Inc company history timeline
A beta version of the site was launched with limited geographic reach in June 2003, and the website was formally launched in December 2003.
Youku Tudou Inc. was founded in 2005 and is headquartered in Beijing, the People’s Republic of China.
In 2007, the company received $25 million in funding from venture capitalists.
Youku recorded gross revenues of 200 million RMB in 2009.
In January 2010, Youku and competitor Tudou announced the creation of a video broadcasting exchange network, under which Youku and Tudou will cross-license professionally produced video content.
On December 8 2010, Youku was listed at the New York Stock Exchange for its first time.
For the first 9 months of 2010 Youku reported revenue of $35.1 million and recorded a loss of $25 million during this period.
On March 12 2012, Youku and Tudou two of the biggest online video companies in China announced plans to merge, creating one of China's biggest video sites.
The company was formerly known as Youku Inc. and changed its name to Youku Tudou Inc. in August 2012.
The company had a stock listed on the NYSE, YOKU before being acquired by Alibaba Group on 6 November 2015.
In December 2016 it reported it had 30 million subscribers.
In December 2018, the company announced a layoff of the president of the unit Yang Weidong due to his assistance to the police in investigation about the case of seeking economic benefits.
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Youku Tudou Inc may also be known as or be related to YOUKU TUDOU INC. and Youku Tudou Inc.