Poly(o-phenyleneethynylene) and poly(o-phenylenebutadiynylene) derivatives are synthesized by the Sonogashira polycondensation or oxidative polymerization of an asymmetric monomer, 3,4-diethynyl-N, N-dihexylaniline. Postfunctionalization of the poly(o-phenyleneethylene) derivatives is unsuccessful due to the occurrence of undesired side reactions. In contrast, the poly(o-phenylenebutadiynylene) derivative is converted into the donor-acceptor type polymer without side reactions. The resulting polymer features a well-defined charge-transfer (CT) band in the Vis-NIR region and redox activity in both the anodic and cathodic directions. The results suggest that the oxidative polymerization mainly proceeds through the pseudo two-step pathway.