Tudou means potato in Mandarin Chinese, and online video website Tudou.com’s market debut today showed the company was more of a couch potato as it lazily watched its overvalued aspirations sink on the first day of trading.
Chinese online video website Tudou.com has updated its filings with the U.S. Securities and Exchange Commission for a planned initial public offering this week.
Amid a thunderous drop in Chinese companies’ market capitalization in recent weeks, Tudou.com has filed an amendment to its filing for an initial public offering in the United States to raise money for its online video operations in China.
