Dallas, Texas 11/18/2013 (Financialstrend) – In Friday’s trading session, Youku Tudou Inc (ADR) (NYSE:YOKU) rose by 11.15%. The shares opened at a price of $28.62, which touched the intraday high of $29.73 and headed to a close of $29.20. Around 13.71 million exchanged hands over the trading day and an average volume of 4.10 million shares were traded over a 30 day period. The 52-week low of Youku Tudou Inc (ADR) (NYSE:YOKU) shares is $13.82and its 52-week high is $31.49. The company has a market capitalization of $5.45 billion.
About the company
Youku Tudou Inc (ADR) (NYSE:YOKU) was previously Youku Inc. It was incorporated on 20 September 2005 and is an Internet TV company in China Its Internet TV platform enables its consumers to search, view & share video -content across multiple-devices. In the year that ended 31 December 2011, Youku Tudou Inc (ADR) (NYSE:YOKU)
had approximately 263M monthly-visitors from homes & offices. In 2011 June it had approximately 53M monthly-visitors from Internet-cafes.
As of 31 December 2011, Youku Tudou Inc (ADR) (NYSE:YOKU)’s video-content library held more than 2,700 movie-titles, 2,111 TV serial-drama titles & over 400,000-hours of some other professionally-produced content. This includes 613 variety shows. Youku Tudou Inc (ADR) (NYSE:YOKU) derives almost all its revenues from online advertising-services. On 1 August 2011, Youku Tudou Inc (ADR) (NYSE:YOKU) established Youku Video Media Technology Co. this a a 100%-owned subsidiary. It is mainly involved in content-scrutiny for the compliance of content-regulations.
In 2011 September, Youku Tudou Inc (ADR) (NYSE:YOKU) acquired a 5% stake in Trade Lead Investment Ltd. On 6 January 2012, it acquired the remainder 95% stake in Trade Lead. Youku Tudou Inc (ADR) (NYSE:YOKU) & Tudou Holdings Limited announced that they had completed the merger between Tudou & Two Merger Sub Inc, a 100%-owned subsidiary of Youku, pursuant for the agreement & plan of merger that was dated 11 March 2012, by & among Youku, Tudou & Merger Sub.
