Two Chinese Online Video Sites Going Public: Which Should Investors Buy? (TCTV)

Bill Bishop, an investor and consultant based in Beijing, joined me via Skype to talk about this white-hot Chinese Interent IPO market, that's even welcoming unprofitable companies into the Nasdaq. "It's been a crazy couple months, and it looks like it will be crazier through Christmas," he says. "The goldrush is back."

One of the most interesting corners of that goldrush is online video. Between dozens of competitors, soaring bandwidth costs, piracy issues and government crackdowns, this has been one of the harder areas for Chinese upstarts to succeed and more than a dozen have died. A lot of Silicon Valley money has died with them. But left standing are YouKu and Tudou and both have filed paperwork to go public.

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