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26-636: Youku has its headquarters in the Sinosteel Plaza in Haidian District, Beijing . On 12 March 2012, Youku reached an agreement to merger with Tudou in a stock-for-stock transaction, the new entity being named Youku Tudou Inc. In 2014, it had more than 500 million monthly active users , with 800 million daily video views. Youku is one of China's top online video and streaming service platforms, along with iQiyi , Sohu , LeTV , Tencent Video , PPTV , 56.com and Funshion . However, Youku's domination in

52-613: A humid continental climate ( Köppen climate classification Dwa ). The average annual temperature in Chaoyang is 12.9 °C (55.2 °F). The average annual rainfall is 582 mm (22.9 in) with July as the wettest month. The temperatures are highest on average in July, at around 26.8 °C (80.2 °F), and lowest in January, at around −3.0 °C (26.6 °F). Chaoyang is divided into 24 subdistricts , and 19 townships of which carry

78-792: A humid continental climate ( Köppen climate classification Dwa ). The average annual temperature in Haidian is 12.8 °C (55.0 °F). The average annual rainfall is 557.3 mm (21.94 in) with July as the wettest month. The temperatures are highest on average in July, at around 26.5 °C (79.7 °F), and lowest in January, at around −3.2 °C (26.2 °F). Since 1992, Haidian District has signed official papers and established Sister City relationship with 14 cities and districts from 10 countries of 4 continents. Some sister cities are shown below: South America North America Europe East Asia Chaoyang, Beijing Chaoyang District ( Chinese : 朝阳区 ; pinyin : cháoyángqū )

104-774: A 50–50 joint venture of the Beijing Automotive Industry Holding Co. and Hyundai Motor Company , has its sales offices in the Hyundai Motor Tower in Chaoyang District. Chaoyang serves as Beijing's diplomatic district. All foreign embassies to China are located in the district except for that of Russia and Luxembourg , which both are in Dongcheng . Chaoyang has three embassy areas in the Ritan , Sanlitun , and Liangmaqiao neighborhoods. Chaoyang District

130-507: A national myth: China's ability to change itself and become, once again, great among nations. During the later half of the 1990s, out of the Beijing districts, Haidian had the highest per capita GDP . During that period the GDP of Haidian (1) District grew by double digits each year. The northwestern stretches of the 3rd Ring Road , 4th Ring Road , 5th Ring Road and 6th Ring Road all run through

156-465: A subsidiary of CB&I , Lufthansa (Beijing Lufthansa Center), Asiana Airlines , Standard & Poor's , Swire Group , Etihad Airways , EVA Air , and Qatar Airways . The Hong Kong -based company Swire Properties has two locations in Chaoyang. Beijing Hyundai Motor Company ( simplified Chinese : 北京现代汽车有限公司 ; traditional Chinese : 北京現代汽車有限公司 ; pinyin : Běijīng Xiàndài Qìchē Yǒuxiàngōngsī ; Korean :  북경현대 ),

182-468: A total population of 3,452,460, making it the most populous district in Beijing. The district has jurisdiction over 24 subdistrict offices and 19 area offices. Chaoyang is also home to Silk Street , Bainaohui Computer Shopping Mall, Alien Street (老番街市场), and many other market areas, shopping malls, and restaurant strips. 39°55′32″N 116°26′30″E  /  39.925494°N 116.44163°E  / 39.925494; 116.44163 Chaoyang District has

208-490: Is Victor Koo , the founder of Youku. The company had a stock listed on the NYSE, YOKU before being acquired by Alibaba Group on 6 November 2015. In December 2016 it reported it had 30 million subscribers. Haidian District, Beijing Haidian ( Chinese : 海淀区 ; pinyin : Hǎidiàn Qū ) is an urban district of the city of Beijing , China, mostly in northwestern Beijing, bordering Xicheng and Fengtai . It

234-462: Is 431 square km in area, making it the second-largest district in urban Beijing area (after Chaoyang ), and is home to 3,133,469 inhabitants as of November 2020. The administrative division of the district was reported as follows: Haidian was originally a village outside of Beijing's Inner City. It was first built in the Yuan dynasty and became one of the eight major business areas of the capital during

260-464: Is an urban district of Beijing . It borders the districts of Shunyi to the northeast, Tongzhou to the east and southeast, Daxing to the south, Fengtai to the southwest, Dongcheng , Xicheng , and Haidian to the west, and Changping to the northwest. Chaoyang is home to the majority of Beijing's many foreign embassies, the well-known Sanlitun bar street, as well as Beijing's growing central business district . The Olympic Green , built for

286-608: Is one of the fastest growing districts in the Beijing Metropolitan Area . There are several subway lines running through the district. The Beijing Capital Airport , although surrounded by the Shunyi District , is an exclave of Chaoyang District. The municipality as well as the Chinese national government spend almost a half million USD per day on developing this district. Chaoyang is currently served by 14 metro lines of

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312-515: The 2008 Summer Olympics , is also in Chaoyang. Chaoyang extends west to Chaoyangmen on the eastern 2nd Ring Road , and nearly as far east as the Ximazhuang toll station on the Jingtong Expressway . Within the urban area of Beijing, it occupies 470.8 square kilometres (181.8 sq mi), making it the central city's largest district, with Haidian second. As of November 2020, Chaoyang had

338-786: The Zhongguancun electronics district, hosts the Beijing offices of many software and computer-technology companies. Institutions of higher education in Haidian include: The Beijing Municipal Education Commission ( 北京市教育委员会 ), the local education authority, has its headquarters in the Beijing Olympic Building. Institutions of secondary education Private schools include: The Chinese Ice Hockey Association , which governs ice hockey and bandy in China, has its offices at 56, Zhongguacun South Street in Haidian District. Haidian has

364-612: The "area" ( 地 区 ) label: The Ministry of Foreign Affairs and the Ministry of Culture are headquartered in the district. In the year of 2022, the GDP of Chaoyang district was 791.12 billion yuan ($ 117.62 billion by nominal), with GDP per capita at 229,843 yuan ($ 34,172 by nominal). China National Aviation Holdings Company (parent company of Air China ), SOHO China , CITIC Group , Sinopec , Qihoo 360 , COFCO , and Beijing Capital Airlines have their headquarters in Chaoyang District. Renren Inc. has its headquarters on

390-544: The 23rd floor of the Jing An Center ( 静安中心 ; 靜安中心 ; Jìng'ān Zhōngxīn ) in Chaoyang District. Wanda Group has its headquarters in the Wanda Plaza ( 万达广场 ). Wanda Cinemas is headquartered in the same complex. China Resources Beverage , the distributor of C'estbon water, has its north China regional office in the district. According to Chaoyang's official website, the district "is home to more than 60 percent of

416-583: The Chinese market was toppled by its competitor Baidu's iQiyi in 2015. Youku was founded by Victor Koo (Gu Yongqiang), former President of Chinese Internet portal Sohu . Initial funding for the site came from 1Verge, a fund raised by him. A beta version of the site was launched with limited geographic reach in June 2003, and the website was formally launched in December 2003. In 2007, the company received $ 25 million in funding from venture capitalists. In December 2009,

442-660: The Qing dynasty and was the seat of such old shops as Lotus White, Quanjude and Hongbin House. The famed Old Summer Palace and Summer Palace , two grand imperial gardens are also among its reputed features. It became a university district after the building of the Tsinghua University and Yenching University campus in the early twentieth century. It is mentioned in Lao She 's novel Camel Xiangzi as an academic village for students. After

468-522: The area. Haidian is currently served by ten metro lines of the Beijing Subway and one light rail line: Haidian is served by one commuter line operated by Beijing Suburban Railway (BCR). The China National Space Administration has its headquarters in the district. The Beijing Aerospace Flight Control Center which serves as the central command center for the Chinese space program is also located in

494-409: The company announced that it had raised a total of $ 110 million in private equity funding. Major investors include Brookside (Bain) Capital , Sutter Hill Ventures , Maverick Capital , and Chengwei Ventures. The company initially emphasized user-generated content but has since shifted its focus to professionally produced videos licensed from over 1,500 content partners. As of January 2010, Youku.com

520-441: The district. The State Administration of Foreign Experts Affairs (SAFEA) has its headquarters in Zhongguancun . The People's Liberation Army Military Music Hall is located in the district. The Ministry of State Security has a number of major facilities in the district. In 2017, the regional GDP was 592.48 billion yuan, with a GDP per capita at 170.8 thousand yuan (25293 US dollars). A central part of Haidian's economy,

546-560: The foreign business agencies in Beijing, over 3,000 foreign companies, 167 international news agencies, and two-thirds of the 158 of the global top 500 transnational companies that have invested in Beijing." Some of these are: ABB Group (China headquarters), Air France , All Nippon Airways , (Beijing Office, Beijing Fortune Building) Halliburton , IBM , KBR , Kerr-McGee China Petroleum Ltd. (an Occidental Petroleum subsidiary), Korean Air (Hyundai Motor Tower ( 现代汽车大厦 ; Xiàndài qìchē dàshà )), Kroll Inc. , Lummus Technology,

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572-504: The foundation of the People's Republic, it was deliberately developed as a university area, with many of the Yan'an institutions moving there. It officially became an administrative district in June 1954. Since the reform and opening up , it has become the centre of China's IT industry. In the words of Time magazine: Like Paris' Champs Elysées or New York's Broadway , Haidian is a celebration of

598-407: The government, the move came amid the 2020 China-India-Sweden skirmish. On 12 March 2012, Youku and Tudou two of the biggest online video companies in China announced plans to merge, creating one of China's biggest video sites. Prior to the announcement of the merger, Youku was the #11 website in China, and Tudou was #14. The company's name was changed to Youku Tudou Inc. The chairman of the board

624-464: Was listed at the New York Stock Exchange for its first time. The stock closed at $ 33.44 on its first day of trading giving the company a market capitalization of approximately $ 3.3 billion. For the first 9 months of 2010 Youku reported revenue of $ 35.1 million and recorded a loss of $ 25 million during this period. YouKu.com seems to have no relation to the Chinese domain youku.cn. Victor Koo

650-462: Was once an employee of Bain & Company, one of the most prominent management consulting firms in the world. In December 2018, the company announced a layoff of the president of the unit Yang Weidong due to his assistance to the police in investigation about the case of seeking economic benefits. The mobile app of Youku was banned in India and Sweden (along with other Chinese apps) on 2 September 2020 by

676-766: Was ranked #1 in the Chinese Internet video sector according to Internet metrics provider CR-Nielsen, (keeping in mind that YouTube is banned in China). In 2008, Youku partnered with Myspace in China. Later that year, Youku became the sole online video provider embedded in the China Edition of Mozilla Firefox . In January 2010, Youku and competitor Tudou announced the creation of a video broadcasting exchange network, under which Youku and Tudou will cross-license professionally produced video content. Youku recorded gross revenues of 200 million RMB in 2009. On 8 December 2010, Youku

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