SHANGHAI, Dec. 20, 2011 /PRNewswire-Asia/ -- Tudou Holdings
Limited (NASDAQ: TUDO) ("Tudou" or the "Company"), a leading online
video company in China, today
announced that its board of directors has appointed Ms. Bin Yu, the
Company's Vice President of Finance, to serve as Chief Financial
Officer ("CFO") effective January 1,
2012. Ms. Yu replaces Mr. Sam Yung
King Lai, who will be resigning from his position as CFO
effective December 31, 2011 due to
personal reasons. Mr. Lai remains a member of the board of
directors.
Ms. Yu, currently Tudou's Vice President of Finance, has been
working at Tudou since July 2010.
Previously, she served in KPMG's audit practice in both
China and the United States for over 11 years. During
that time, Ms. Yu advised multinational and Chinese clients,
including private companies and those listed on U.S. exchanges. Ms.
Yu is a Certified Public Accountant certified by the Accountancy
Board of Ohio and received her
Master's Degree in Accounting from the University of Toledo.
"Mr. Lai played an important role as our CFO. On behalf of
management, I would like to thank Mr. Lai for his dedication during
his tenure as CFO, and wish him all the best in his future
endeavors," stated Gary Wang,
Founder, Chairman and Chief Executive Officer of Tudou. "Moving
ahead, we believe Ms. Yu will excel in her expanded
responsibilities in leading Tudou's finance activities. We believe
her proven financial expertise, deep dedication and knowledge of
our Company will continue to add significant value in helping
execute Tudou's future growth plans."
About Tudou.com:
Tudou.com is a leading online video company in China, where users can upload, view and share
videos. The Company's comprehensive video content library includes
user generated videos, premium licensed content and
made-for-Internet, in-house produced original series. 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 program; and its
annual Tudou Video Festival. Tudou's vision is to build an online
community of video enthusiasts where people can find what they want
to watch, share what they create and connect with like-minded
people.
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 terms such as "may," "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "aims",
"estimates," "confident," "likely to" and similar statements.
Among other things, 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,
initiatives and 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 enhance its brand recognition; and the ability of
the online video and advertising industry in China to grow at rates projected by market
data, or at all. Any of the foregoing risks may materially
adversely affect 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.
SOURCE Tudou.com