Eleven months had passed since MySpace China launched in last year, and now they have a new Chinese partner, i.e. Youku, one of the China’s popular video sharing platforms. According to Youku (in Mandarin), both companies have form alliance and agreed to build a jointly video portal called MySpaceYouku.

MySpaceYouku will primarily feature the Chinese video clips, coupled with the technical support and resources, i.e. videos provided by Youku.

I have came up a list which showed the vibrant venture capital (VC) market in China, especially the funds that these video sites received. In matter of fact, a number of prominent American VCs that raised funds and investing in China sites have thus helped the growth of this market.

Youku.com: They have completed $25 million in a round C financing on November 21 from Brookside Capital Partners, a subsidiary of Bain Capital, alongside with existing investors Sutter Hill Ventures, Farallon Capital and Chengwei Ventures, as reported in their press release (Mandarin). Youku has previously raised $3 million and $12 million in Series A and B financing.

56.com: 56.com raised a $20 million in a Series B financing from Sequoia Capital China recently, however no official announcement has been made on their home page. In June this year, 56.com has also raised $10 million in a round A financing.

UUSee: UUSee has raised $23.5 million in a round led by Draper Fisher Jurvetson Growth Fund and Highland Capital Partners, with Steamboat Ventures joining as a new investor and additional participation from existing investors Sequoia Capital China and Susquehanna International Group, as reported in my March 2007 post.

Pomoho: Stands for “pop, movie & hot.” From a recent buzz in China, Pomoho has raised $10 million in seed funding, however there is no official announcement of this.

PPStream: PPStream has also raised $10 million in a round B financing, venture capitalists include Ceyuan Ventures and Qiming Venture Partners. I did covered this news in my March 2007 post.

Tudou.com: Tudou has recently completed $19 million of its round C financing from Capital Today and General Catalyst Partners. This is on top of $18 million, the company has already raised in round B from JAFCO. Previously, TuDou has raised $800K from IDG Technology Venture Investment in seed funding and $8.5M in a Series A financing.

Although the rapid growth of this VC market and high profile investments from the US venture capitalists, this did not lead to the IPO of these video startups as well as generate huge returns to the investors.