Youku has obtained the video site license.

The license issue has always been the "life and death" factor hanging over all video websites. The license issue is also the core concern of risk investors; once again, the announcement of receiving a huge amount of financial support is closely related to the license. On June 30, Youku announced an additional capital increase of $40 million, which followed the successful completion of its third round of financing in November 2007. As of the end of June this year, Youku had secured more than $80 million in financing. According to Victor Koo, Youku still has $50 million in cash on hand. Victor Koo stated that for mainstream and healthy video websites like Youku, obtaining a license is just a matter of time. The key issue is whether the website content is standardized, which is more important than obtaining the license.