News@ChinabyNumbers

Temasek Holdings will invest $35 million in Tudou, China’s second-largest online video company, in the Singapore’s state investment company’s first foray into the Chinese internet sector. Tudou said that, including Temasek’s investment, it has raised $50 million in its latest round of equity financing. The funds will be used to prepare for an expected boost [...]

Google-owned video-sharing site YouTube has been blocked in China. A YouTube spokesman told the paper that it had not been contacted by the Chinese government and was working to restore the service. The most recent YouTube ban coincided with the release of a video allegedly showing Chinese forces beating Tibetans during protests that occurred last [...]