Youku sued by Xunlei for IPR infringement, Marbridge Daily reports Youku Tudou (YOKU) is being sued by Chinese online P2P video service provider Xunlei alleging infringing use of 13 films to which Xunlei owns the rights, Marbridge Daily reports. Reference Link
Youku Tudou upgraded to Neutral following Q2 report at Mizuho As previously reported, Mizuho upgraded Youku Tudou to Neutral from Underperform and maintained its $18 price target. The firm upgraded shares citing the Q2 beat and expects the consumer business to diversify and drive top line growth, and improve margin.
Youku Tudou upgraded to Buy from Hold at T.H. Capital T.H. Capital analyst Tian Hou upgraded Youku Tudou to Buy with a $33 price target. The company's Q2 results on August 20 should be solid and it is well positioned to benefit from the upcoming market consolidation, Hou tells investors in a research note.