With worries that the new bird flu outbreak could constrict the Chinese travel sector, tourism company Qunar.com has plowed ahead and closed its latest investment round, gaining USD57 million from Baidu.com, Hillhouse Capital, and GGV Capital.
AdChina Ltd., an Internet advertising company in China, has issued its draft prospectus for an eventual initial public offering of its Cayman Island entity on Nasdaq under the symbol ADCN.
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.
