NEW YORK, Aug. 24, 2011 (GLOBE NEWSWIRE) -- Veteran business journalist Jill Bennett joins Gary Wei Wang, Founder, Chairman, and CEO, Tudou Holdings Limited [TUDO] to discuss the company's industry, strategy, financials and positioning.
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Gary Wei Wang, Founder, Chairman, and CEO:
Mr. Gary Wei Wang is our founder, chairman and chief executive officer. Mr. Wang was designated as a director by our ordinary shareholders. Prior to founding us, Mr. Wang served as the corporate development director of Bertelsmann Group, an international media company, and also he served as the managing director of Bertelsmann Online China, a company operating the e-commerce businesses of Bertelsmann Group in China, from 2003 to 2005. From 1997 to 2001, Mr. Wang worked with Hughes Electronics, a provider of digital television entertainment, and satellite and wireless systems and services, with his last role as the business development manager. Mr. Wang received his MBA degree from INSEAD in 2002, his master's degree in computer science from Johns Hopkins University in 1999, and his bachelor's degree in international business from the College of Staten Island in 1995.
About Tudou Holdings Limited [TUDO]:
Tudou.com is a leading online video platform in China, where users can upload, view and share videos. The Company's comprehensive video entertainment library includes user generated videos, premium licensed content, as well as made-for-Internet, original series produced in-house. Moreover, the Company is also a key supporter of aspiring artists through various initiatives including "Warehouse No. 6", its independent talent incubator; "Orange Box," its in-house production group, and its annual Tudou Video Festival. The company's content is accessible on the web as well as through mobile devices allowing users to access video content whenever and wherever they choose. Tudou's vision is to build an online community of video enthusiast where people can connect with like-minded people, find what they want to see, and share what they create.
Safe Harbor: Forward Looking Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such as "may", "will," "expects," "anticipates," "future," "intends," "plans," "believes," "aims", "estimates," "confident", "likely to" and similar statements. Among other things, the quotations from management in this press release, as well as the Company's strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's business strategies and initiatives as well as its business plans; the Company's future business development, results of operations and financial condition; changes in the Company's revenues and certain cost or expense items; the Company's expectations with respect to increased revenue growth and its ability to sustain profitability; the Company's services under development or planning; the Company's ability to attract users and advertisers and further enhance its brand recognition; the online video and advertising industry in China may not grow at the rates projected by market data, or at all; the failure of the markets to grow at the projected rates may have a material adverse effect on the Company's business and the market price of its ADSs; in addition, the rapidly changing nature of the online video and advertising industry in China subjects any projections or estimates relating to the growth prospects or future condition of the Company's market to significant uncertainties. If any one or more of the assumptions underlying the market data turns out to be incorrect, actual results may differ from the projections based on these assumptions. You should not place undue reliance on these forward-looking statements. Further information regarding these and other risks is included in the Company's registration statement on Form F-1 filed with the Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.
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