Press for Tudou
Two of China's online video industry giants, Youku (YOKU) and Tudou (TUDO), merged in a historic deal last Monday. ChinaScope Financial uses this merger as a window into this rapidly growing sector, and examines in this in-depth report who the leading industry players are, why they are competitive, and whether this merger is a wise strategic move.
China's top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth more than $1 billion, creating an industry leader with more than a one-third share of a market that is losing money as it battles rising costs.
Chinese U.S.-traded stocks climbed,led by Tudou Holdings Ltd. (TUDO), as speculation slowing inflationwill spur policy makers to take further steps to bolster growthlured investors to the lowest share prices in a month.
Tudou Holdings Limited (NASDAQ: TUDO) ("Tudou" or the "Company"), a leading Internet video company in China, today announced that the Company has entered into an agreement to license broadcasting rights for its self-produced webisode series Love Oh DearI Do, to Shenzhen Media Group and China Anhui TV Station.