- Youku (YOKU +4.5%) shares have jumped thanks to a rumor Baidu (BIDU +0.8%) will take a stake in the Chinese online video leader (translation).
- Like some other Baidu-related rumors, this one should be taken with a grain of salt, given Baidu competes with Youku via its iQiyi and (recently-acquired) PPS sites.
- The rumor comes shortly after Youku boasted its daily mobile video views topped 200M in June, up from 170M in May and 100M in January. Youku also claimed (citing iResearch data) it had 14M daily unique visitors in June, well above iQiyi's 7M and PPS' 6.9M.
- Youku stated in May it had 100M+ monthly mobile users, and that mobile had grown to make up ~30% of its traffic.
Youku rallies following Baidu stake rumor
Jul 31 2013, 11:55 ET