![]() Later that year, Youku became the sole online video provider embedded in the China Edition of Mozilla Firefox. In 2008, Youku partnered with Myspace in China. Īs of January 2010, was ranked #1 in the Chinese Internet video sector according to Internet metrics provider CR-Nielsen, (keeping in mind that YouTube is banned in China). The company initially emphasized user-generated content but has since shifted its focus to professionally produced videos licensed from over 1,500 content partners. Major investors include Brookside (Bain) Capital, Sutter Hill Ventures, Maverick Capital, and Chengwei Ventures. In December 2009, the company announced that it had raised a total of $110 million in private equity funding. In 2007, the company received $25 million in funding from venture capitalists. A beta version of the site was launched with limited geographic reach in June 2003, and the website was formally launched in December 2003. ![]() Initial funding for the site came from 1Verge, a fund raised by him. Youku was founded by Victor Koo (Gu Yongqiang), former President of Chinese Internet portal Sohu. However, Youku's domination in the Chinese market was toppled by its competitor Baidu's iQiyi in 2015. Youku is one of China's top online video and streaming service platforms, along with iQiyi, Sohu, LeTV, Tencent Video, PPTV, 56.com and Funshion. ![]() In 2014, it had more than 500 million monthly active users, with 800 million daily video views. On 12 March 2012, Youku reached an agreement to merger with Tudou in a stock-for-stock transaction, the new entity being named Youku Tudou Inc. Youku has its headquarters in the Sinosteel Plaza in Haidian District, Beijing. It operates as a subsidiary of Alibaba Group Holding Limited. 'excellent (and) cool'), is a video hosting service based in Beijing, China. (formerly Youku Inc.), doing business as Youku ( Chinese: 优酷 lit. ![]() (required to upload and/or comment on videos) ![]()
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