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Youku Tudou (YOKU +5%) is rallying after Morgan Stanley's Phillip Wan starts coverage with an...

Youku Tudou (YOKU +5%) is rallying after Morgan Stanley's Phillip Wan starts coverage with an Overweight and $21.10 PT. Youku is "at an inflection point and will turn profitable by the end of 2013," argues Wan, who sees the Chinese online video ad market growing at a 40%-50% annual clip through 2015. He adds the Tudou merger leaves Youku with ~30% of Chinese online video ad sales, and the ability to claim ~80% of local Web video viewers as users.
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