Temasek Holdings has made its first foray into the Chinese internet sector with an investment in Tudou, China's second-largest online video company.
Tudou said it had raised $50m in its latest round of equity financing, with the Singapore state investment fund accounting for $35m of that.
The funds raised will be used to prepare for an expected take-off in mobile video consumption and to counter new competitors in the already fragmented market, Gary Wang, Tudou chief executive, told the Financial Times.
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