U.S. venture pumps China site

Youku.com takes advantage of capital funding

BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion.

It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board.

Existing investors, including a formidable array of U.S. private equity investors — Brookside Capital, Sutter Hill Ventures and Farallon Capital — as well as Chengwei Ventures, which also took part.

Youku had already raised $40 million in private equity funding from these investors.

An extra $10 million equipment loan came from Western Technology Investment, which has provided venture debt to Google and Facebook.

Youku has more than 100 million unique visitors per month. According to a May report by iResearch, Youku is now the sixth-largest website in China in terms of total user time spent.

More Scene

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion. It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board. Existing investors, including a […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion. It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board. Existing investors, including a […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion. It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board. Existing investors, including a […]

  • Tiffany HaddishTiffany Haddish at the Hollywood

    Tiffany Haddish on Future Career Plans, Taking Advice From Tyler Perry, Melissa McCarthy

    BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion. It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board. Existing investors, including a […]

  • Vince Gilligan Carolyn Strauss Paley Center

    'Breaking Bad' Creator Vince Gilligan Suggests 'Maybe It's Time for Heroes Again' on TV

    BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion. It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board. Existing investors, including a […]

  • Our Very Own Carlin McCullough

    Amanda Peet's New Play 'Our Very Own Carlin McCullough' Has a 'Game of Thrones' Connection

    BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion. It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board. Existing investors, including a […]

  • Shirel Kozak, Billy Crystal, Marina Zenovich,

    Billy Crystal, Filmmakers Remember Robin Williams at 'Come Inside My Mind' Premiere

    BEIJING — China’s leading online video site Youku.com is the latest Netco in the world’s fastest-growing major Internet market to take advantage of U.S. venture capital funding for expansion. It has secured $30 million in private equity coin in a financing round led by Maverick Capital, which will join the board. Existing investors, including a […]

More From Our Brands

Access exclusive content