News
Staff Reporters
Dec 10, 2010

Youku.com and Dangdang.com aim at US IPO this week

BEIJING – Chinese video-sharing website Youku.com, E-commerce site Dangdang.com, and mobile application store Sky-mobi Ltd., are expected to heat up the initial public offering market in the US with four other Chinese companies this week.

Youku.com is one of China's largest video-sharing website.
Youku.com is one of China's largest video-sharing website.

In total, the seven Chinese companies are expected to raise a total of about US$745.3 million.

Youku.com and its major rival, Tudou.com, have been engaged in a fierce competition to become China's Youtube. The two companies both announced IPO plans in November. Earlier this year, Ku6.com became the first US-listed video-sharing website from the country.

Dangdang is the largest online bookseller, and the biggest rival to Joyo.com, which was acquired by Amazon in 2004. Dangdang expects net proceeds of about $144.1 million from its $204 million IPO.

Source:
Campaign China

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