The two video platforms were still operated independently, but the power of YOUKU kept spreading to TUDOU and eventually destroyed it. In 2013, TUDOU and YOUKU officially announced the enterprise merger, naming YouTudou video company. However, as its competitor, YouKu, became stronger and stronger, Tudou chose to not face the competition but seek for cooperation. I remember that almost all video contents were offered by those three platforms at the time and TUDOU, in my opinion, was once the No.1, being listed on NASDAQ in 2011 and valuing more than 8 hundred million dollars. Ten years ago, three main platforms are fighting for the champion of the Chinese video market, which includes YOUKU, 56, and TUDOU. TuDouĮxcept for the YouKu, TuDou was another promising website that could become the Chinese version of Youtube. Just like YouTube, YOUKU values and encourages users to create more and more personal channels and produce creative video content, so you also can find various interesting Chinese-style entertainment contents, which could remind you a bit shadow of YouTube.
#Acfun this is us series
Also, possessing numerous copyrights of film and TV series is another strength of YOUKU, you can watch almost all kinds of domestic TV shows, series, movies on YOUKU. YouKu provides some quality original entertainment shows, the most popular ones like “Street Dance of China”, “Dunk of China”. If this is your first time visiting China and having trouble with accessing YouTube, you should take a look at the YouKu which can give you a basic picture of what types of content are Chinese’s favorites, gaining more insight into the daily life of modern Chinese. Still, YouKu is one of the most powerful video platforms in China. However, as more and more big companies start to get involved in the video platform market, the dominant status of YOUKU was being greatly challenged, from the top one to nowadays around the third to fourth position.
From its name, we can tell that YouKu was initially targeting to become a video platform like Youtube and I have to admit that YOUKU once was so close to it. I think YouKu once was the closest one to become the Chinese version of Youtube. However, there are some video websites developed by Chinese companies which are kind of looked like, or once trying to become, the Chinese version of Youtube and some of them are playing the crucial role, greatly affecting the daily life of many Chinese. Related Topic: Is there any Chinese YouTube Alternative? Last August, AcFun announced a 90 percent year-on-year increase in uploaders, a 79 percent rise in submissions and a 172 percent hike in fans, without disclosing any specific numbers.Nowadays some Chinese video websites are not only trying to become the YouTube alternative but also trying to become the Netflix alternative in China, so you can see some websites are doing very complicated content businesses. After completing the acquisition, Kuaishou invested CNY570 million (USD88.2 million) in 2019 to support AcFun’s uploaders, or creators. Kuaishou bought the firm in 2018, when it was on the verge of bankruptcy, for an undisclosed sum. But its growth slowed with the rapid rise of competitor Bilibili. Founded in 2007, AcFun was China’s first barrage video website focusing on the two-dimensional field. Wen was deputy general manager of its literary and comics division, with extensive experience in the animation community. He had worked for many years at internet firm Netease. Kuaishou appointed Wen to head AcFun in June 2019, when he also managed Kuaishou’s two-dimensional business development. Beijing News did not disclose where Wen would go after leaving AcFun. Kuaishou has yet to make an official announcement on Wen’s reported departure. Since he took office two years ago, AcFun’s daily and monthly active user numbers have fallen short of expectations, the source said. Wen’s departure may have been due to poor performance at the Beijing-based firm. The business was handed over to Kuaishou’s operations team for unified management, it added. Wen Min left recently, but the team he brought from Netease was still working at AcFun, Beijing News reported yesterday, citing an unidentified insider at the parent company. (Yicai Global) July 6 - The head of AcFun, a Chinese anime barrage video site acquired by short video platform Kuaishou, has reportedly resigned after two years in post because of the business’ lackluster performance. Kuaishou’s Anime Barrage Video Site AcFun Loses Its Chief