Tudou CEO settles divorce suit
- By He Shan
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China.org.cn, June 24, 2011
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Wang Wei, CEO of Tudou, a Chinese online-video site. |
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Tudou CEO settles divorce suit |
土豆網掃除上市障礙 王微700萬美元與前妻和解 |
| Chinese online video Web site Tudou has cleared the way for its listing on the U.S. market after its CEO Wang Wei agreed to pay his ex-wife US$7 million in cash to settle a divorce lawsuit. | 土豆網上市的最大障礙已經解決。土豆網CEO王微將重新掌控上海全土豆網絡科技有限公司多數股權的控制權，其前妻將不再主張分割婚姻存續期間資產，前提是王微付出總計700萬美元的現金補償。 |
| According to a settlement reached on June 10, Wang's ex-wife, Yang Lei, agreed to give up her claim to a partial stake in Tudou, clearing the way for the firm to go public. Yang will receive US$ 4.3 million of the US$7 million settlement after the Internet company completes its listing. | 王微與其前妻楊女士的離婚財產糾紛于6月10日達成和解，楊女士同意不再主張分割婚姻存續期間雙方的共同財產 （即王微名下公司的股權），王微重新獲得了全土豆公司多數股權的完全控制權，補償款中的430萬美元需待土豆網上市成功后兌現。 |
| Prior to the agreement, Yang claimed a 38 percent stake in the company, disrupting Tudou's plan for IPO on US market for more than six months. Until the end of April, Tudou refiled its IPO application with the US Securities and Exchange Commission. | 此前王微前妻提起訴訟，請求分割上海全土豆網絡科技有限公司的38%股權，全土豆公司因持有視頻業務牌照，對土豆網上市作用巨大。因創始人婚姻糾紛，土豆網的上市進程被擱置半年有余，直到今年4月末才重新提交了IPO申請。 |
| Analysts think the company may have missed the best opportunity to go public in a favorable environment. | 如今土豆網的控制權問題已解決，但不過有觀點認為，土豆網可能已錯過了上市的黃金時間。 |
| Due to a series of financial frauds and corporate management disputes, American investors' enthusiasm for Chinese shares has faded. Since last month, a score of Chinese companies have seen share prices on the U.S. market fall below their initial offering price. The situation has been compounded by the sluggish U.S. job market and EU debt crisis. | 受近日一系列財務丑聞及公司治理爭議的影響，投資者對中國概念股的信心減退，5月以來，新近上市的海外中概股紛紛破發；與此同時，美國市場又因失業率、歐債危機等因素影響而表現惡劣。 |
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