NEW YORK, Aug. 17, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that the trading of Tudou Holdings Limited, (Nasdaq:TUDO), a leading online video platform in China, commenced on The NASDAQ Stock Market on Wednesday, August 17, 2011. Tudou is listed under the ticker symbol TUDO.
"Tudou truly exemplifies the spirit of creativity and innovation in China," said Bruce Aust, Executive Vice President, NASDAQ OMX Corporate Client Group. "As a leading online video website in China, Tudou has coupled creativity with technology to offer users extensive and unique video content. NASDAQ is thrilled to welcome Tudou to The NASDAQ Stock Market, and looks forward to their continued success in the future."
Tudou.com is a leading online video website in China and provides users with a platform to upload, view and share video clips with other users across the globe. Founded in 2005 as the first user generated content and video sharing site in China, Tudou has grown into one of China's largest content delivery networks; its comprehensive content library includes user generated videos, premium licensed contents, and content developed in-house. The company had approximately 200 million monthly unique visitors in May 2011 with average new video clips uploaded daily of approximately 47,000 for the six months ended June 30, 2011, Tudou is available on the web and through mobile and portable devices.
Since its inception, NASDAQ OMX has consistently been the exchange of choice for progressive and cutting edge technology companies like Tudou. Year to date in 2011, NASDAQ OMX has welcomed 14 tech IPO's, which combined have generated over $2.49 billion in proceeds raised. This includes Yandex, this year's largest IT IPO, which generated more than $1.3 billion in proceeds raised and was the first tech company to generate over $1 billion since Google's initial public offering in 2004.
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