Press for Tudou

Tudou has got intention of over 10 million yuan to purchase video projects on Tudou Video Festival 2011, marking the evolution of user generated content evolution to UGC2.0.

The Goose ‘n’ Duck Ranch, tucked away in a quiet corner of Beijing’s suburban Huairou District, isn’t the most obvious spot to roll out the red carpet. But over the weekend, the decidedly un-hip getaway hosted some of China’s most cutting-edge online filmmakers for the fourth annual Tudou Video Festival.  The venue was chosen by Tudou.com’s founder, Gary Wang, precisely for its laid-back vibe.

After the hit success of the first Tudou "made-for-Internet" drama series in October 2010, Tudou, a leading video website in China, is launching its second Tudou "made-for-Internet" drama series "Utopia Office" tonight on www.tudou.com.  Consistently targeted to the young, affluent, urban and educated Chinese audience, "Utopia Office" story can be described as Fringe.  The original drama series tell stories of a team of young scientists commissioned to tackle not crime, but one and another mind-tangling science challenge in each episode. "Utopia Office" was fully planned, written, produced and marketed by an in-house team at Tudou, as part of Tudou's "Orange Box" original production initiative in spring 2010.

Tudou, one of China's leading video sharing sites, is seeking to raise US$120 million through an initial public offering on the Nasdaq Stock Market to help sustain operations as it strives to become profitable.