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Stock Market & Financial Investment News

News Breaks
March 26, 2014
08:07 EDTTCEHY, YOKUTencent rumored to take 20% stake in Youku Tudou, Marbridge Daily says
Tencent (TCEHY) has reportedly reached a tentative agreement to take a 20% stake in Youku Tudou (YOKU), Marbridge Daily reports, citing a source close to Youku Tudou. The deal is said to be worth at least $300M in cash. The companies could announce the partnership later this month. Reference Link
News For TCEHY;YOKU From The Last 14 Days
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September 16, 2014
09:31 EDTYOKUYouku Tudou downgraded to Mixed from Positive at OTR Global
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September 5, 2014
07:47 EDTYOKUNew foreign content limits placed on Chinese video sites, Marbridge Daily says
China's General Administration of Press and Publication, Radio, Film and Television issued new regulations requiring online video sites to apply for licenses for each foreign produced program they carry and limiting the percentage of licensed foreign content compared to domestic content, said Marbridge Daily, citing Sina Tech. Operators of Internet television services in China include Youku Tudou (YOKU), YOU On Demand (YOD), Ku6 Media (KUTV), Phoenix New Media (FENG), and Baidu's (BIDU) IQiyi. Reference Link

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