From the battle of financing to the battle of copyright, the video industry in China enters the next phase: the race to IPO. If Youku successfully goes public while Tudou unexpectedly falls behind, the pattern of China's video websites will be set, and a Matthew Effect will occur in the market. An employee of Youku said with such relief as the listing is about to come. On November 15th, Youku submitted an IPO application to the U.S. Securities and Exchange Commission (SEC).