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Chinese video site Youku.com (YOKU -11.3%), which fell last week following Q2 results, is...

Chinese video site Youku.com (YOKU -11.3%), which fell last week following Q2 results, is nosediving today in advance of rival Tudou's IPO. Tudou, which is looking to raise as much as $180M and reportedly received a buyout offer from Baidu (BIDU), was forced to discount its offering price following the market's recent decline.
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  • laidbackluke
    , contributor
    Comments (48) | Send Message
     
    Speaking of Chinese companies and nosedives, here's another purported Chinese fraud: CTE. Check the link at zerohedge.com, they seem to have a monopoly on tracking the fraudcap analysts (muddy waters, alfred little, glaucus research, etc.).
    16 Aug 2011, 02:24 PM Reply Like
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