Tudou.com, China’s second-largest online video website, plans an initial public offering “soon” to raise funds to compete against Youku.com in the world’s biggest Internet market.
“It’s something that’s inevitable,” Chief Executive Officer Gary Wang, the 37-year-old founder of Shanghai-based Tudou, said of a possible IPO in an interview yesterday. “It should happen fairly soon. I can’t talk about specifics.”
