Westwood, Mass. - Turbine, a developer and publisher of multiplayer online games, is raising a $40 million third round of venture capital financing, led by Granite Global Ventures, PEHub.com reported.

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.