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Youku Tudou Inc. (YOKU)

  • Fri, Nov. 20, 11:49 AM
    • Youku Tudou (NYSE:YOKU) is up 0.4% today after a mixed Q3 report where revenues beat expectations easily but net losses grew substantially.
    • Non-GAAP net loss of 316.5M yuan ($49.8M) was wider than a year-ago loss of 111.2M yuan ($17.5M). Non-GAAP net revenues rose 54%, however, and gross profit was up 36% to 311.5M yuan ($49M).
    • Advertising net revenues of 1.35B yuan ($212.2M) were up 37%, meeting guidance. Meanwhile, consumer revenues (from subscription service, interactive live entertainment and mobile games) jumped 514% to 256.2M yuan ($40.3M).
    • Shares are trading at $26.80; the firm's definitive merger agreement with Alibaba has that firm paying $27.60 per ADS.
    • Press release
    • Previously: Youku Tudou up 9.7% premarket on Alibaba buyout's higher price (Nov. 06 2015)
    | Fri, Nov. 20, 11:49 AM | 5 Comments
  • Fri, Nov. 20, 12:03 AM
    • Youku Tudou (NYSE:YOKU): Q3 EPADS of -RMB1.62 misses by RMB0.04.
    • Revenue of RMB1.85B (+66.7% Y/Y) beats by RMB100M.
    • Press Release
    | Fri, Nov. 20, 12:03 AM | 1 Comment
  • Fri, Nov. 13, 2:02 AM
    • MSCI has outlined which overseas-listed Chinese shares will be added to its Emerging Markets Index (ETF: EEM) from Dec. 1, a move that is likely to draw investments of $70B.
    • ADRs to be included: (NYSE:WUBA), Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), (NASDAQ:CTRP), (NASDAQ:JD), NetEase (NASDAQ:NTES), New Oriental Education (NYSE:EDU), Qihoo 360 (NYSE:QIHU), Qunar (NASDAQ:QUNR), SouFun (NYSE:SFUN), TAL Education (NYSE:XRS), VipShop (NYSE:VIPS), Youku Tudou (NYSE:YOKU) and YY.
    • Stocks listed in mainland China, known as A-shares, are still under review for inclusion in the index.
    • Previously: MSCI paves road for A-share inclusion through ADRs (Nov. 02 2015)
    | Fri, Nov. 13, 2:02 AM | 25 Comments
  • Fri, Nov. 6, 9:29 AM
    | Fri, Nov. 6, 9:29 AM | 14 Comments
  • Fri, Nov. 6, 9:14 AM
    | Fri, Nov. 6, 9:14 AM | 2 Comments
  • Fri, Nov. 6, 7:05 AM
    • Alibaba (NYSE:BABA) announces it will acquire Chinese online media provider Youku Tudou (NYSE:YOKU) for $27.60 per ADS. Shares of Youku Tuduo popped in October off of the original announcement of a go-private offer from Alibaba.
    • The transaction is expected to close in Q1 of 2016.
    • Previously: Youku Tudou up 24% following Alibaba buyout offer (Oct. 16 2015)
    | Fri, Nov. 6, 7:05 AM | 15 Comments
  • Fri, Oct. 16, 12:45 PM
    | Fri, Oct. 16, 12:45 PM | Comment!
  • Fri, Oct. 16, 9:14 AM
    | Fri, Oct. 16, 9:14 AM | Comment!
  • Fri, Oct. 16, 9:12 AM
    • Youku Tudou (NYSE:YOKU) is up 23.8% premarket following Alibaba's (NYSE:BABA) offer to buy the rest of the company -- "China's YouTube" -- at a 30%-plus premium.
    • Key Youku shareholders -- including founder and CEO Victor Koo and Chengwei Capital -- have entered a support agreement to vote their shares in favor of the $3.6B cash offer, which values Youku at $4.2B.
    • The board is forming a committee of (a pair of) disinterested directors to consider the deal.
    • BABA is up 0.5% premarket.
    | Fri, Oct. 16, 9:12 AM | 9 Comments
  • Fri, Oct. 16, 6:41 AM
    • Alibaba (NYSE:BABA) has offered to acquire all the shares of Chinese video-streaming service Youku Tudou (NYSE:YOKU) it doesn’t already own, in a major bet on services outside its core e-commerce platforms.
    • Alibaba is offering $26.60 per Youku Tudou ADR - a 30% premium for the remaining 82% of the company - totaling a purchase price of $3.6B in cash. At that level, Youku Tudou would be valued at $4.2B.
    | Fri, Oct. 16, 6:41 AM | 7 Comments
  • Fri, Oct. 2, 12:13 PM
    • Hammered over the last several months as macro concerns and plunging local markets took a toll, U.S.-traded Chinese tech stocks are up strongly (CQQQ +3.2%) today even as the Nasdaq and S&P post modest declines.
    • Web/mobile stocks posting big gains include giants Alibaba (BABA +5.3%) and Baidu (BIDU +4.5%), with the former naturally taking Yahoo (YHOO +4%) higher with it. Yahoo rose earlier this week after stating it's still pushing ahead with a spinoff of its 384M-share Alibaba stake.
    • Other gainers include Vipshop (VIPS +6.6%), SouFun (SFUN +6.2%), Qihoo (QIHU +6.7%), Youku (YOKU +5.8%), Jumei (JMEI +8%), Bitauto (BITA +5.3%), Weibo (WB +5.9%), Jumei (JMEI +8%), and Cheetah Mobile (CMCM +6.6%). Online travel leaders Ctrip and Qunar are also up big, possibly aided by new efforts from Beijing to boost Macau tourism.
    • Solar winners include Yingli (YGE +4.1%), ReneSola (SOL +5.6%), and Daqo (DQ +9.4%).
    | Fri, Oct. 2, 12:13 PM | 29 Comments
  • Wed, Sep. 16, 2:06 PM
    • The beaten-down Shanghai and Shenzhen exchanges respectively rose 4.9% and 6.5% overnight thanks to late-session surges - many suspect fresh government intervention was responsible. U.S. traded Chinese Web/mobile names have risen sharply (CQQQ +4.4%) on a day the Nasdaq is up just 0.3%.
    • Big gainers include search giant Baidu (BIDU +5.4%), rival Qihoo (QIHU +6.5%), auto sites Bitauto (BITA +6.4%) and Autohome (ATHM +5.3%), travel sites Ctrip (CTRP +7.4%) and Qunar (QUNR +6.5%), online real estate plays SouFun (SFUN +6.1%) and Leju (LEJU +4.5%), and online retailers (JD +4.8%) and Vipshop (VIPS +6.3%). Priceline announced yesterday afternoon it had hiked its Ctrip stake to 11.6%.
    • Other winners include ChinaCache (CCIH +8.1%), Cheetah Mobile (CMCM +6.2%), Sina (SINA +6.7%), Weibo (WB +4.3%), Youku (YOKU +5.7%), and YY (YY +4.1%).
    | Wed, Sep. 16, 2:06 PM | Comment!
  • Tue, Sep. 15, 8:50 AM
    • China's Youku Tudou (NYSE:YOKU) has a new deal with Paramount Pictures (VIA, VIAB) that brings more than a hundred film titles to its video on demand service, including valuable hits like Star Trek, Mission: Impossible, Transformers and Forrest Gump.
    • The move grows Youku's on-demand library to more than 4,000 films, including not only domestic and foreign productions but original content as well.
    • In addition to the library content, select future releases will be available.
    | Tue, Sep. 15, 8:50 AM | Comment!
  • Wed, Aug. 19, 6:28 PM
    • China's net-TV leader Youku Tudou (NYSE:YOKU) is up 3.7% after hours in U.S. trading, as the company posted "accelerated and increasingly diversified" top-line growth and posted a better-than-expected loss for Q2.
    • Net loss widened significantly, to 220.7M yuan ($35.6M) on a non-GAAP basis, compared with a loss of 76.9M yuan ($12.4M) in the year-ago period. The company had guided high of expectations for revenue and delivered with 1.61B yuan.
    • Content costs were up slightly again, to a non-GAAP 649.8M yuan ($104.8M), representing 43% of net revenues compared to a year-ago 42%. Gross profit of 253.8M yuan ($41M) was up 14%.
    • "With nearly half of advertising revenues coming from mobile, we have achieved broad adoption of mobile advertising by domestic and international advertisers alike," said CEO Victor Koo.
    • The company's guiding to Q3 revenues between RMB1.69B and RMB1.78B, and advertising net revenues of RMB1.34B-RMB1.4B.
    • Shares had closed 5% lower during U.S. market hours; they're down 15.1% over the past month.
    • Conference call to come at 9 p.m. ET.
    • Press Release
    | Wed, Aug. 19, 6:28 PM | Comment!
  • Wed, Aug. 19, 6:02 PM
    • (NYSE:YOKU): Q2 EPS of -RMB1.13 beats by RMB0.40.
    • Revenue of RMB1.61B (+67.9% Y/Y) beats by RMB100M.
    • Press Release
    | Wed, Aug. 19, 6:02 PM | Comment!
  • Tue, Aug. 18, 5:35 PM
Company Description
Youku Tudou Inc is an Internet television company in china. Its internet television platform enables consumers to search, view and share high-quality video content quickly and easily across multiple devices.