Youku Tudou Inc.

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  • Fri, Feb. 5, 10:43 AM
    • Youku Tudou (YOKU +0.2%) has set a special general meeting to consider its buyout by Alibaba.
    • Shareholders will meet March 14 at 10 a.m. local time in Hong Kong to vote on the plan. If approved, American depositary shares would delist from NYSE as the company went privately held.
    • Shareholders of record at the close of business Feb. 11 will be entitled to vote.
    • Previously: Youku Tudou up 9.7% premarket on Alibaba buyout's higher price (Nov. 06 2015)
    | Fri, Feb. 5, 10:43 AM
  • Mon, Feb. 1, 10:16 AM
    • Lu Fanxi, formerly vice president of Chinese video firm Youku Tudou (NYSE:YOKU) until leaving abruptly shortly before it announced a buyout by Alibaba, has been detained by Chinese authorities as that country's anti-corruption campaign rolls on.
    • A company memo reportedly says "From the information we have now, we know that former employee Lu Fanxi is suspected of exploiting his position to undertake illegal, criminal activities." An audit has reportedly revealed "reasons for serious suspicion surrounding several production projects."
    • A source told the Financial Times that Lu, who was in charge of peer-generated content, is believed to have colluded with contractors for kickbacks.
    | Mon, Feb. 1, 10:16 AM
  • Nov. 20, 2015, 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.
    • Previously: Youku Tudou up 9.7% premarket on Alibaba buyout's higher price (Nov. 06 2015)
    | Nov. 20, 2015, 11:49 AM | 5 Comments
  • Nov. 20, 2015, 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.
    | Nov. 20, 2015, 12:03 AM | 1 Comment
  • Nov. 13, 2015, 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)
    | Nov. 13, 2015, 2:02 AM | 25 Comments
  • Nov. 6, 2015, 9:29 AM
    | Nov. 6, 2015, 9:29 AM | 14 Comments
  • Nov. 6, 2015, 9:14 AM
    | Nov. 6, 2015, 9:14 AM | 2 Comments
  • Nov. 6, 2015, 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)
    | Nov. 6, 2015, 7:05 AM | 15 Comments
  • Oct. 16, 2015, 12:45 PM
    | Oct. 16, 2015, 12:45 PM
  • Oct. 16, 2015, 9:14 AM
    | Oct. 16, 2015, 9:14 AM
  • Oct. 16, 2015, 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.
    | Oct. 16, 2015, 9:12 AM | 9 Comments
  • Oct. 16, 2015, 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.
    | Oct. 16, 2015, 6:41 AM | 7 Comments
  • Oct. 2, 2015, 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%).
    | Oct. 2, 2015, 12:13 PM | 29 Comments
  • Sep. 16, 2015, 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%).
    | Sep. 16, 2015, 2:06 PM
  • Sep. 15, 2015, 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.
    | Sep. 15, 2015, 8:50 AM
  • Aug. 19, 2015, 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.
    | Aug. 19, 2015, 6:28 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.