Tudou, one of China’s leading video websites, is preparing an initial public offering with hopes of raising at least $100m, amid fierce competition in the sector.
The company said it expected to complete the IPO on the Nasdaq exchange within the next six months – a schedule that would make it the first Chinese internet video site to go public.
Youku, the company’s main competitor, has indicated in the past that it aims to go public, but has declined to comment on timing and size of a potential IPO.
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