The company also has financing from two new investors from the US and Singapore, according to Tudou press representative Lily Gong in a statement.
Tudou previously completed three rounds of financing from 2005 to 2007, receiving $500,000, $8.5m and $19m. With the fourth round it has raised finance of $85m. Gong said the investment will be used in expanding bandwidth and servers, in order to meet the demands of 10 million unique users per day.
Apart from short video-sharing, Tudou also provides streaming of movies with contents provided by partner sites such as Xunlei.com and TVB.com.
As one of the biggest video-sharing web-sites in China, Tudou faced a crisis over the past two months as the Chinese government announced that only state-owned sites are allowed to provide video services.
The State Administration of Radio, Film and Television (SARFT) later said that existing web-sites could continue services if they applied for a licence under 'Internet Audiovisual Program Services'. In March, Tudou was among the 32 websites that received a warning from SARFT for allowing 'inadequate' content to be uploaded to the site.
Tudou last week took part in a joint pledge among 80 web-sites, promising to be self-disciplined on filtering out illegal contents. It also joined six other video-sharing web-sites to sign a MoU with the Motion Picture Association (MPA) for online copyright protection.
Tudou.com is now waiting for an Internet Audiovisual Program Services licence from SARFT.