Editorial Summary

Shanghai-based video site Tudou.com announced on Monday that it has received fourth round investment of $57 million from existing investors IDG Technology Venture Investment (IDGVC), Granite Global Ventures (GGV) and General Catalyst Partners joined by a member of the Rockefeller family, reports ChinaVenture. The investment will be devoted to business operation, broadband servers and the company's video distribution program, according to Tudou CFO Grace Wang. Prior to this investment, Tudou had received funding of $28.3 million since 2005.

Including Tudou's new round, new investments in the online video industry are expected to reach $100 million next week, reports The Beijing News. According to the report, Youku.com and Ku6 may be among the sites receiving investment.