Youku Tudou upgraded to Outperform from Underperform at Macquarie Macquarie upgraded Youku two notches following checks that indicate strong demand for online video ads and expectations for increased rates in 2013 by 20%-30%. The firm believes Youku's revenue growth will start to accelerate and notes content costs are unlikely to move higher. Price target is $21.
Youku Tudou to produce original content with Western companies, Bloomberg says Chinese Internet video website Youku Tudou intends to collaborate with U.S. and European entertainment companies to produce original content, the company's chairman said, according to Bloomberg. Youku's decision to produce new content with Western companies comes after Chinese regulators limited the amount of imported content the company could show, the news service noted. Reference Link