Gary Wang

Ellison and FTX executive Gary Wang pled guilty to criminal charges earlier this week, as FTX founder Sam Bankman-Fried faced eight criminal counts.

FTX founder Sam Bankman-Fried is set to be released from federal custody after his attorneys struck a deal with prosecutors on a bail amount of $250 million, according to multiple reports.

Members of Sam Bankman-Fried’s inner circle are cooperating with federal authorities as they investigate the crypto founder and his crumbling empire.

The crypto infrastructure quickly helped the Bahamian authorities offload $400 million from FTX that was at risk of theft. But the haphazard nature of these transfers is muddling up the already-murky bankruptcy case of the previously $32 billion exchange.

As the autopsy of Sam Bankman-Fried’s crypto empire begins, it’s worth saying that there were red flags all over the place. We missed them.

The FTX wonderkind and his cofounder are no longer billionaires. And the sudden collapse of their cryptocurrency exchange has hit the fortunes of at least 20 of the world’s richest people.

He’s nowhere near as rich as he boasts, nor as poor as his critics claim. Donald Trump’s real net worth? $2.5 billion, according to our most recent tally.

A new report by Alameda Research, a crypto trading firm that trades $1 billion in digital assets a day, reveals a clever set of tricks used by crypto exchanges to fabricate volume.

The Alibaba bid is just the latest thrill in the roller coaster ride for the founders of Youku Tudou and their early VC investors GGV Capital and Chengwei.

Bottom line: Youku Tudou's new name and campaign to create more exclusive content look like good strategic moves, but it really needs to sell itself to a larger benefactor to ensure its longer-term future. Youku Tudou was once China's top online video site when it was formed 3 years ago through [...]

Light Chaser is the second venture by entrepreneur Gary Wang, the founder and former CEO of the popular video site Tudou.com. Wang has assembled a team led by former director of Toy Story 2 and the long-time lighting artist of DreamWorks to revive China's crippling animation industry. This short film is the first homework his team handed in. Check it out yourself to judge how it is. My opinion? There's still a long way to go before they can meet the expectation of becoming China's Pixar, but they are off to a good start.

Youku's deal to buy rival site Tudou in China must be bittersweet for founder Gary Wang.

Timing is not on Tudou's side as IPO is delayed 8 months and Youku jumps ahead.

Fresh off its IPO, China-based Tudou plans to build out its video website as well as offerings in mobile video and its own original content.

Gary Wang, the CEO of China’s no. 2 video website, has reached a settlement with his ex-wife Yang Lei over her claim to partial ownership of the company, paving the way for a Nasdaq IPO by the company, the Shanghai Daily reported on Saturday.   Tudou.com originally filed to go public [...]

With Youku's IPO filing, investors will soon be able to choose between China's top two Youtube-like online video sites.