April 29, 2008:Chinese video-sharing site snags $57m

Chinese video-sharing site snags $57m

Tudou, China's largest video-sharing website has secured $57 million investment from a group of investors including IDG Technology Venture Investment, Granite Global Ventures and General Catalyst Partners. Tudou plans to use the cash to build up its online infrastructure for this summer's controversial Olympics in China. Tudou is working with China Central Television to run…

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