Youku Receives GAPP Internet Publication License
BEIJING, April 5, 2012 /PRNewswire-Asia/ -- Youku Inc. (NYSE: YOKU), China's leading Internet television company ("Youku (YOKU)"), announced today that it received an Internet Publication License from China's General Administration of Press and Publication (GAPP) on March 28. The license covers publication of any audio-visual content that is officially authorized for distribution in China, and the license authorizes Youku to offer such content over both online and mobile networks.
Youku is one of China's first online video companies, and one of a handful of Internet companies, to be granted this permit. The new license will allow Youku to expand its offerings into the field of the mobile Internet and converged networks.
"We're very excited to receive the Internet Publication License," said Zhu Huilong, Vice president of Movie Operations and Corporate Development. "We see this as a recognition of our Youku Premium business model and our successes in presenting and managing online content. The new license will allow Youku to further extend its industry-leading platform, and will help us ensure that we can offer quality content to our 300 million viewers no matter where they are or whether they're using PCs, tablets, or smartphones."
Youku received two online video licenses from China's State Administration of Radio, Film and Television (SARFT) in July 2008 for Internet audio/video programming transmission and production, which enabled the company to engage in professional content syndication, user-generated content sharing, and original content production. Two more SARFT permits in February 2011 allowed Youku to expand its video services into live broadcasting, video search, and production and distribution of original content.
Youku Inc. is China's leading Internet television company. Our Internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Youku, which stands for "what's best and what's cool" in Chinese, is the most recognized online video brand in China. Youku's American depositary shares, each representing 18 of our Class A ordinary shares, are traded on NYSE under the symbol "YOKU."
For more information, please contact:
Director, International Communications
Tel: +86-10-5885-1881 x7128
Corporate Finance Director
Tel: +86-10-5885-1881 x6090
SOURCE Youku Inc.