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Youku.com to report earnings after market close on February 28th.

February 15th, 2011 No comments

Youku.com to release earnings on Monday February 28, 2011 after market close.

Chinese video streaming giant Youku.com will report earnings after market close on the last day of this month.

The earnings will be reported simultaneously with a webcast and a conference call at 20:00 EST. Youku’s management team will be available to discuss the reports and to answer analyst questions.

Youku.com leads the Chinese streaming video industry with an approximately 20% market share.

Source:
http://www.businesswire.com/news/home/20110211005389/en/Youku.com-Release-Fourth-Quarter-Fiscal-2010-Financial

LinkedIn files for IPO

January 29th, 2011 No comments

LinkedIn files for IPO

In other market news, the social networking site Linked In filed for IPO as it was expected to do soon. This is significant in that it is apparently one of the first major social networks to IPO, and will become the ruler to measure current private social networks that may IPO in the future (Facebook is feeling the pressure to IPO and is expected to do so within roughly 700 days). Apparently, Linked In is profitable, and reported over $10 million in profits in the first 9 months of 2010 on the papers it handed over to the SEC.

Sources:
http://money.cnn.com/2011/01/27/technology/linkedin_ipo/index.htm

Is it the right time to buy Youku stocks?

January 29th, 2011 No comments

Youku stock opportunity?

I’ve been eyeing this one stock called YOKU which recently IPOed. Basically, its the Youtube of China in a word, much in the same way Baidu is the Google of China. It is the biggest streaming video site in China with a roughly 20% share, but unlike Youtube which is a clear leader with 40% share, Youku.com has a close competitor in Tudou, which commands roughly 16% of the market according to estimates within the last 6 months. Anyway, I’ve been looking to get into YOKU for around the $30 mark, as I feel it has quite a bit of support around that level, and today in the morning I saw it at around ~$29.5! I hesitated, and it went back over $30 for a while. But at the end of the day it revisited the $29.5 level, so I decided to buy. I am now partial owner of Youku haha.

Sources:
http://searchengineland.com/youtube-owns-video-share-vevo-gaining-viewers-43379
http://venturebeat.com/2010/10/25/tudou-plans-ipo/