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February 4, 2013
10:35 EDTYOKUChina's Youku Tudou slides after Maxim cuts rating to Sell
Chinese Internet video company Youku Tudou (YOKU) is sinking after Maxim Group analyst Echo He lowered her rating on the stock to Sell from Hold in a note to investors earlier today. Youku Tudou was formed by a merger between former competitors Youku and Tudou. The integration of Tudou may cause Youku's margins to fall, and will likely increase Youku's content costs by about 50% in 2013, the analyst believes. The combined company continues to face tough competition, and its profitability in coming years is likely to be lower than expected, He added. In mid-morning trading, Youku Tudou tumbled $1.12, or 4.82%, to $22.08.
News For YOKU From The Last 14 Days
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October 30, 2014
05:44 EDTYOKUYouku Tudou, Alibaba announce big data marketing collaboration
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October 28, 2014
06:50 EDTYOKUYouku 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
06:02 EDTYOKU'Big Brother' set to air in China on Youku internet platform, Variety reports
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