Chinese video sharing platform AcFun has received US$50 million strategic investment from video site Youku Tudou Inc., according to Chinese media reports. AcFun did not respond to an inquiry to confirm the news. China Money Network cannot verify the funding round. Founded in 2007, AcFun provides live comment displays for online video comment sharing. The […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.