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Source:CenterNetworks

Chinese online video sharing site Youku.com has raised an additional US$30 million in private equity funding, and secured a US$10 million equipment loan. From the release, "Maverick Capital led the financing round and joined the Board of Directors. All existing investors in the company, including Brookside Capital, Sutter Hill Ventures, Farallon Capital, and Chengwei Ventures, participated. The US$10 million equipment loan is provided by Western Technology Investment." This brings the total amount raised to $80 million.

Youku self-reports over 100 million unique visitors per month and each user spends about 300 minutes per month on Youku. iResearch’s reports that Youku is now the 6th largest website in China in terms of total user time spent.

Youku also announced today that it has entered into a variety of content partnerships including Universal Music, EMI Music, Huayi Music and a large number of top film, TV and music performers in China.

Here’s a video — it looks like China comes back to beat Italy in volleyball in a long, long match.

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Source:CenterNetworks

Toluu is a way to discover new blogs based on the blogs you already read. We initially wrote about Toluu earlier this year and basically said that it’s no longer about what you are interested in, it’s about what others think you should be interested in based on the interests to which you are interested!

Today founder Caleb Elston has announced a variety of upgrades and updates to the service. They have cleaned up the design of many of the pages across the site. They have also upgraded the architecture of the site to make the site load even faster than before.

There are also new filtering options which helps you find the newest feeds to discover. Rather than receiving the same recommendations over and over, you can select a time period and only receive recommended feeds newer than the selected period. If you have been with the service since the beginning you will like these new filters.

This entry was posted on Monday, June 30th, 2008 at 9:48 am and is filed under RSS, Quick News, Toluu. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.