Youku, China’s biggest online video-sharing site, has filed for an IPO in the U.S. in a bid to raise $150 million, which would go toward diversification of its revenue sources and sharpening its competitive edge in the Chinese video space. Not so coincidentally, Tudou, the site’s largest competitor in the Chinese market, filed for an IPO in the U.S. last week, and is seeking to raise $120 million.
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