Beijing - Chinese video hosting site Youku on Monday announced a partnership with major label Universal Music, which will seek to find Chinese musicians to form a new band that will be signed to the label. The Super Star Super Search 2009 contest will be promoted to Youku's 45 million unique monthly visitors.

Beijing - Chinese video-sharing site Youku announced on Thursday that it has been granted an online video license from the State Administration of Radio, Film & Television (SAFRT).

Shanghai – Video-sharing site Youku.com, based in China, has teamed with social networking site MySpace to tackle the market, Reuters reports.  Trying to become China’s version of YouTube, Youku’s CEO Victor Koo said both companies hope to gain traffic from the partnership, and to share products in the future.  Launched in December 2006, Youku sees over 100 million daily video views, according to Nielsen/NetRatings.

Boston - Youku.com, an online video-sharing website in China, has raised $25 million in a new round of financing led by Brookside Capital Partners, an investment fund affiliated with Bain Capital.