Renren (RENN +3.6%) and Youku (YOKU -0.3%) are forming a content partnership, according to a...

|About: Renren Inc. (RENN)|By:, SA News Editor

Renren (RENN +3.6%) and Youku (YOKU -0.3%) are forming a content partnership, according to a Chinese media report (translation). The deal will reportedly lead to the integration of Youku videos on Renren's social networking platform, and provide additional Renren sharing options for the videos. Renren, which already owns second-tier Chinese video site 56.com, is getting a lift from the news.