Vimeo, owned by public company IAC, is an online video portal like YouTube with user-generated content, but unlike the Google-owned website, focuses on creative and original content, and high-definition video.

FORBES: Vimeo To Hold Its First Online Film Festival With $25,000 Top Prize

Unlike in the U.S., in China online video monetizes roughly the same on user-generated videos and premium licensed videos, Wang says.

FORBES: Tudou CEO Gary Wang On Online Video, Mobile and Producing Original Content

First in user-generated content, Tudou has grown organically, since it was the first online video site in China, launching in January 2005.

FORBES: Tudou CEO Gary Wang On Online Video, Mobile and Producing Original Content