China’s Tudou.com Confirms Departure Of COO

Chinese Internet video company Tudou.com confirmed to the local media that its chief operating officer Evelyn Wang had officially resigned.

Tudou.com stated that Wang’s departure was due to personal development reasons. The company appreciated her contribution over the past four years and wished her better career development in the future.

According to Tudou.com, the integration of Youku.com and Tudou.com is progressing smoothly and their executives and employees are stable. The merger and integration of the two Internet video companies has promoted the lowering of network copyright prices and the improvement of user experience, and it will play a positive role in the development of the entire industry.

Wang joined Tudou.com in 2007 as vice president for sales and marketing communications. She was also in charge of Tudou.com’s nationwide planning center. In March 2010, Wang was promoted to chief marketing officer, commanding the nationwide sales and marketing communications of the company, and reported directly to Wang Wei, chief executive officer of Tudou.com.

Tudou.com’s latest financial report showed that during the first quarter of 2012, the company’s net revenue was USD22.3 million, a year-on-year increase of 76.7%; however, it made whopping net losses of USD21.4 million during the same time. Meanwhile, Youku.com’s net revenue in the first quarter was USD42.9 million, a year-on-year increase of 111%; and it also made large losses of USD24.8 million.