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

|About: Youku Tudou Inc. (YOKU)|By:, SA News Editor

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.