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Youku Tudou Inc. (YOKU)

  • Aug. 30, 2013, 9:41 AM
    • Deutsche upgrades ARM Holdings (ARMH +0.7%) to Buy. Analyst Kai Korschelt thinks Intel fears are overblown and will have limited impact on ARM's EPS going forward.
    • Bernstein upgrades Telecom Italia (TI +8.6%) to Outperform. TI is down 27.3% in the last year as the telco has been roiled by the spectre of credit downgrades and antitrust troubles.
    • JPMorgan scythes a number of Chinese tech stocks: Dangdang (DANG -4.7%) to Underweight with a PT of $6.50, Youku Tudou (YOKU -1.3%) to Neutral with a PT of $23, and (SOHU -0.7%) to Neutral with a PT hike to $66 ($56 previous).
    • JPMorgan also initiated a number of Chinese stocks: Soufun (SFUN +1.5%) with an Overweight rating and PT of $49 and YY (YY +1.1%) with an Overweight rating and PT of $47.
    • Swedbank downgrades Nokia (NOK -2.4%) to Reduce.
    | Aug. 30, 2013, 9:41 AM | 3 Comments
  • Aug. 22, 2013, 1:16 PM
    • Chinese tech names, already having a spring/summer to remember, are largely outperforming after China's August flash manufacturing PMI came in at 50.1, easily beating a consensus of 48.3.
    • Baidu (BIDU +2%), Dangdang (DANG +6.3%), Vipshop (VIPS +3.8%), Youku (YOKU +3.1%), Sina (SINA +2.7%), and Renren (RENN +2.1%) are among the winners.
    • However, LightInTheBox (LITB -7.9%), which crumbled on Tuesday due to a revenue miss and soft guidance, is adding to this week's losses, and making new post-IPO lows in the process.
    | Aug. 22, 2013, 1:16 PM | Comment!
  • Aug. 21, 2013, 11:51 AM
    • Macquarie gave Youku (YOKU +5.8%) a two-notch upgrade to Outperform last December.
    • Shares of the Chinese online/mobile video leader sold off earlier this month after its Q2 revenue and Q3 guidance failed to impress, but remain well above their April lows.
    | Aug. 21, 2013, 11:51 AM | 1 Comment
  • Aug. 9, 2013, 9:17 AM
    | Aug. 9, 2013, 9:17 AM | Comment!
  • Aug. 8, 2013, 6:28 PM
    • Youku (YOKU) posted Q2 revenue of $122.8M (+30% Y/Y), almost in-line with a $122.7M consensus.
    • The Chinese online video leader expects Q3 revenue of $135.6M-$142.2M vs. a $139.5M consensus.
    • Q2 ad sales amounted to $118.4M, or 96% of revenue.
    • Content costs surged 46% Y/Y to $49.4M (outpacing rev. growth) and made up 40% of revenue. Opex only rose 2% Y/Y to $42.5M (a major reason for the EPS beat), as Youku reaps synergies from the Tudou merger. R&D spend +14% Y/Y and sales/marketing +12%, but G&A -22%.
    • Youku once more trumpets its strong mobile growth (previous): daily mobile video views have more than doubled in the last 6 months.
    • YOKU -5.5% AH. CC at 8PM ET. Q2 results, PR
    | Aug. 8, 2013, 6:28 PM | Comment!
  • Aug. 8, 2013, 5:21 PM
    • Youku Tudou (YOKU): Q2 EPS of -RMB0.63 beats by RMB0.11.
    • Revenue of RMB753.5M. Shares -5.5% AH. (PR)
    | Aug. 8, 2013, 5:21 PM | Comment!
  • Aug. 8, 2013, 12:10 AM
  • Aug. 7, 2013, 5:35 PM
  • Jul. 31, 2013, 11:55 AM
    • Youku (YOKU +4.5%) shares have jumped thanks to a rumor Baidu (BIDU +0.8%) will take a stake in the Chinese online video leader (translation).
    • Like some other Baidu-related rumors, this one should be taken with a grain of salt, given Baidu competes with Youku via its iQiyi and (recently-acquired) PPS sites.
    • The rumor comes shortly after Youku boasted its daily mobile video views topped 200M in June, up from 170M in May and 100M in January. Youku also claimed (citing iResearch data) it had 14M daily unique visitors in June, well above iQiyi's 7M and PPS' 6.9M.
    • Youku stated in May it had 100M+ monthly mobile users, and that mobile had grown to make up ~30% of its traffic.
    | Jul. 31, 2013, 11:55 AM | 1 Comment
  • Jul. 24, 2013, 10:01 PM
    Chinese Internet stocks finished AH trading with solid gains thanks to Baidu's big Q2 beat and above-consensus Q3 guidance.  Baidu mentioned in its report revenue/ad customer rose 11% Q/Q, and that mobile now accounts for over 10% of its sales. SINA +4.1%. SOHU +2.2%. RENN +4.3%. YOKU +3.6%. YY +3.1%. Rival QIHU +3.3%.
    | Jul. 24, 2013, 10:01 PM | Comment!
  • Jul. 15, 2013, 2:34 PM
    Chinese Internet stocks are turning in a good day after the government unveils a new telecom plan promising to increase fiber-to-the-home deployments, improving 3G connectivity, and issue 4G licenses by year's end. YOKU +6.2%. BIDU +4.7%. QIHU +4.8%. DANG +4.9%. YY +9.2%. CYOU +5.2%. China's telecom giants aren't moving much: CHL +0.3%. CHA -0.4%. CHU +1%. (more on China/4G)
    | Jul. 15, 2013, 2:34 PM | Comment!
  • Jun. 24, 2013, 1:23 PM
    Chinese Internet and solar stocks fall hard after growing banking sector liquidity worries contribute to a 5.3% drop for the Shanghai Composite. Notable decliners: YY -13%. DANG -9%. GA -8.9%. PWRD -7.2%. YOKU -6.6%. SOHU -5.8%. NQ -5.6%. CSIQ -8.4%. TSL -8.3%. LDK -7.5%. JKS -6.9%. JASO -6.9%. DQ -7.1%. SOL -6.7%. Meanwhile, Bloomberg observes many Chinese solar firms, including Trina, JinkoSolar, and Canadian Solar, are moving production overseas to counter EU import tariffs.
    | Jun. 24, 2013, 1:23 PM | Comment!
  • Jun. 7, 2013, 11:07 AM
    Sina (SINA +3%) and Youku (YOKU +1.7%) continue their alliance-forming ways by partnering with each other. Youku's videos will be embedded within Sina Weibo (appearing in video search results), and will be pushed to Weibo users through a "personalized recommendation section." The companies talk up the mobile implications of the deal, noting 76% of Weibo daily users access via mobile devices, and that Youku's daily video views have soared to 170M. The deal follows Sina's partnership with Alibaba, Youku's tie-up with Renren, and Baidu's purchase of video site PPS.
    | Jun. 7, 2013, 11:07 AM | Comment!
  • May 31, 2013, 1:47 PM
    Renren (RENN +3.6%) and Youku (YOKU -0.3%) are forming a content partnership, according to a Chinese media report (translation). The deal will reportedly lead to the integration of Youku videos on Renren's social networking platform, and provide additional Renren sharing options for the videos. Renren, which already owns second-tier Chinese video site, is getting a lift from the news.
    | May 31, 2013, 1:47 PM | Comment!
  • May 29, 2013, 2:37 PM
    Mobile now makes up 15% of Web traffic, up from 10% a year ago, notes Mary Meeker in her latest Internet Trends Report. Also mentioned: China (BIDU, SINA, SOHU, YOKU) has 564M Web users (42% penetration), with 75% accessing the Web from their phones (71% use PCs); India's Web penetration is only at 11% (137M users); mobile now makes up 12% of U.S. media viewing time (it's 22% in China) and 3% of ad spend, up from 10% and 1% before; YouTube's (GOOG) per-minute video uploads are up 5x since '09; 60% of Facebook (FB) users log in daily, and the site receives 350M daily photo uploads; global smartphone penetration is still only at 21%. (Meeker in 2012)
    | May 29, 2013, 2:37 PM | 4 Comments
  • May 17, 2013, 12:51 PM
    After barely moving yesterday in response to nearly in-line Q1 results and strong Q2 revenue guidance, Youku (YOKU -9.6%) is falling hard today. The decline comes even though Youku has received two upgrades since the report (from HSBC and Maxim), as well as a bullish coverage launch from BofA. Concerns about mobile monetization could be a factor. On its earnings call, Youku stated mobile daily video views rose 50%+ Q/Q and are now above 170M, that mobile monthly users have topped 100M (PC users are around 400M), and that mobile now makes up ~30% of traffic. However, the company added "mobile monetization this year is relatively modest."
    | May 17, 2013, 12:51 PM | 2 Comments
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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.