Los Angeles - Tudou, China's largest video-sharing site, has landed a $57 million fourth round of venture capital financing, from return backers IDG Technology Venture Investment, Granite Global Ventures and General Catalyst Partners, Pacific Epoch reports.

Other investors included Capital Today, Jafco Asia, KTB Ventures and JAIC, according to PEHub.com.

Tudou has a deal with China Central Television to operate a multimedia site for the Beijing Olympics this summer.

The company, which has now raised a total of $85 million in venture capital, will use the new funds for business operations and to scale its infrastructure in preparation for the Olympics.

Related Links:
http://www.pacificepoch.com/newsstories?id=P122156

http://www.pehub.com/article/articledetail.php?articlepostid=11709

http://www.tudou.com