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Credit: Reuters/Aly Song SHANGHAI | Mon Aug 22, 2011 6:17am EDT SHANGHAI (Reuters) - China's top online portal Sina Corp has invested between $30-$40 million in Chinese online video site Tudou Holdings, a source familiar with the matter told Reuters on Monday. Tudou, which listed on the Nasdaq last week, is China's second-largest online video site after Youku.com Inc. The investment, which gives Sina around a 4 percent stake, may be a prelude to deeper cooperation between the two companies although those details have not yet been discussed, said the source who declined to be identified as the matter is not public. "We haven't discussed about more cooperation yet but it is a possibility in the future," the source said. Tudou declined to comment while Sina could not be reached for comment. Tudou, which raised $174 million in its Nasdaq public offering, saw its shares slip about 34 percent from its initial public offering price of $29, as Wall Street tumbled last week on euro zone debt uncertainties. China is the world's largest Internet market, with more than 450 million Internet users, and online video firms are stepping up their fight for content to secure bigger market share to win advertisers. Baidu Inc and Sohu also have popular online video offerings. (Reporting by Melanie Lee; Editing by Jacqueline Wong) Technology Deals Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) 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