Press for Tudou

Within one week after Tudou (http://www.tudou.com , leading video website in China) officially released its iPhone and iPad application on the Apple Apps Store, the Tudou Video App quickly ranked no. 1 among all Chinese free apps. It has created a sensation among Apple fans who are now able to enjoy video entertainment through their iPhones and iPads.

If there is one sector that has lived up to the China growth-story hype with truly big numbers, it is media and telecoms, with 450 million Web users, 800 million cell-phones users, and roughly 370 million TV households.

Tudou, the number two streaming video site in China, is planning to file an initial public offering to raise up to $150 million on the tech-heavy NASDAQ Composite stock market.

China's leading online video website Tudou has hired Credit Suisse and Deutsche Bank for its initial public offering on the Nasdaq, with hopes to raise over $100 million, sources said on Monday.