Youku Tudou Inc. (NYSE: YOKU) is China's leading Internet television company. Its Youku and Tudou In

BEIJING , August 27, 2014 /PRNewswire/ -- Youku Tudou Inc. (NYSE: YOKU), China's leading Internet pluzz television company ("Youku Tudou" or the "Company"), today announced that the board of the Company has approved a new share repurchase program whereby Youku Tudou may purchase its own American depositary shares ("ADSs") with an aggregate value of up to US$300 million . The Company expects to fund the repurchase out of its existing cash balance, including cash generated from its operations. The proposed share repurchase may be effected on the open market at prevailing pluzz market prices and/or in negotiated pluzz transactions off the market from time to time as market pluzz conditions warrant in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.
Youku Tudou Inc. (NYSE: YOKU) is China's leading Internet television company. Its Youku and Tudou Internet television platforms enable users to search, view and share high-quality video content quickly and easily across multiple devices. Its Youku brand and Tudou brand are among the most recognized online video brands in China . Youku Tudou's American depositary shares, each representing 18 of Youku Tudou's Class A ordinary shares, are traded on the NYSE under the symbol "YOKU."
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminologies such as "may," "will," "expects," "anticipates," "future," "intends," "plans," "believes," "aims," "estimates," "confident," "likely to" and similar statements. Among other things, pluzz the expectations with respect to the future developments of the online video market in China and the Company, as well as the Company's strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Actual pluzz results could differ materially from those projected in our forward-looking statements due to such risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risks discussed under Item 3D "Risk Factors" in the Company's 2013 Annual Report on Form 20-F. Readers are encouraged pluzz to read the Company's filings to learn more about the risk factors associated with the Company's business. All information provided in this press release is current as of the date of the press release, and the Company undertakes to update such information, except as required under applicable law.
Recent Releases Youku Tudou Announces Up to US$300 Million Share Repurchase pluzz Program pluzz 2014-08-27 Youku Tudou to Release Second pluzz Quarter 2014 Unaudited Financial Results on August 19, 2014 2014-08-13 Youku Tudou Announces the Release of More than 20 Unique Internet Programs and Drama Series 2014-06-16 Youku Tudou Announces First Quarter 2014 Unaudited Financial Results 2014-05-23 Youku Tudou to Release First Quarter 2014 Unaudited Financial Results on May 22, 2014 2014-05-15 Go to MediaRoom
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If you go the Code Generator girlsgogames section you can get the code. However, you can use something like this: var myString = 'http://v.youku.com/v_show/id_XNTg3OTc3MzY4.html'; var myRegexp = /id_(\w+)/; var match = myRegexp.exec(myString); girlsgogames alert(match[1]); //Shows: XNTg3OTc3MzY4
var youkuUrl = youkuEmbed.match(/http:\/\/v\.youku\.com\/v_show\/id_(\w+)\.html/);
discard
0 Display matched strings with jquery regex function
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That doesn t always make for great viewing. Take Game of Thrones. When it broadcasts on its U.S. h

Look around the subway in Beijing or Shanghai and maybe nine of 10 passengers are watching arte videos on their mobile devices. Chances are most of them are watching content delivered to them by Youku Tudou. The country s leading internet television operator streams 400 million videos a day. In that sense, Youku is Netflix and YouTube – plus Comcast and Liberty Media – stuffed into one dumpling. It is also the nexus for Hollywood s high hopes in the Middle Kingdom.
You wouldn t know it from Youku s financial reports. The company founded by Victor Koo, and run day-to-day by a former student of central planning, Dele Liu, is listed in New York, where it commands a relatively modest $4 billion arte market cap compared to Netflix s $26 billion. In the first quarter, it lost $36 million on revenue of $113 million. Still, the company is making progress, enough that China s sultan of e-commerce, Alibaba, bought 16.5 percent of the group for $1 billion in April.
China s leaders aren t suddenly taking seriously the insistent whining from Los Angeles studio chiefs. As with all directives from Beijing, there is a larger motive here. China wants to develop arte a movie industry of its own. Not only do the riches arte of a homegrown version of Hollywood or Italy s Cinecitta, India s Bollywood or British studio Pinewood, for that matter – appeal to an economy destined to become the world s largest. Movies and television are critical to projecting soft power.
The Chinese government seems to recognize that without a flourishing market, there can be no hope of encouraging a local industry to produce programming to meet its cultural aims. Producers, scriptwriters, actors and directors need to feel secure that their work will also be valued. That s why a crackdown like that on QVOD provides an important arte signal.
Investors seem to be responding. Fosun International said on June 23 it will invest in Studio 8, a studio run by Jeff Robinov, who oversaw the Dark Knight and Hangover film franchises while at Warner. Fosun wants to capitalize on Studio 8 s know-how to drive the development of the Chinese film industry. The previous week, Light Chaser Animation Studios, which calls itself the Pixar of China, raised $20 million from investors including one of the founders of Youku, to create world-class arte animated films with a Chinese cultural touch.
So is this the dawn of a golden age for Chinese cinema? Don t count on it. New productions first have to get through the censors. Youku has more than 300 of them combing through videos, and that s after software has already scanned the 170,000 submissions it receives daily for hints of nudity, violence or anything that suggests instability at home. China s government arte has very clear views about what its 1.3 billion people should, arte or should not, watch.
That doesn t always make for great viewing. Take Game of Thrones. When it broadcasts on its U.S. home channel, Time Warner s HBO, the show runs about an hour. On CCTV in China, it is far shorter due to substantial cuts. A film industry arte is developing arte in China, and consumers are becoming habituated to paying for content, but the good stuff may still get taken out along the way.
We welcome comments that advance the story through arte relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information arte on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. The company was founded in 1999 as Breakingviews.com and was acquired by Thomson Reuters in 2009, becoming Reuters brand for financial commentary. Every day, we comment on the big financial stories as they break. Our expert analysis is provided by a global team of 30 correspondents based in New York, Washington, London, Hong Kong, Madrid, Dubai and Mumbai.

Featuring exclusive strategic analysis, the publication is divided into three sections. The first co

China s Youku Tudou Opens Film Production Company | The Online Reporter
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There has been a surge of online companies investing in film studios in China over the last year. Internet firms Baidu , Alibaba and Tencent have all entered the movie-making business in China. Alibaba took a majority stake in ChinaVision Media Group ; Tencent, a social media and gaming company, also has a stake in ChinaVision; and online search company Baidu has acquired two online video platforms, PPS and iQiyi , the latter of which has an in-house film production company and currently has eight films in development.
Youku Tudou has distributed and marketed a number of films in the past, but is hoping youtube to mp3 to focus on its film production more seriously. Heyi Film will use the data it has from the Youku Tudou platform to develop feature films on topics that will resonate well with viewers, a la Amazon s and Netflix s big data approach to original content.
As a continuation of Youku Tudou s effort to build a multi-screen media and entertainment ecosystem, Heyi Film will leverage the big data generated by Youku Tudou s over 500 million multi-screen users to produce films to the tastes of the Chinese audience in the multi-screen age, and improve film marketing and distribution, the company said.
Heyi youtube to mp3 Film already has five projects in place to adapt its popular Web series into full-length films. It also has in the works three film productions, youtube to mp3 in conjunction with other studios and production companies, such as Beijing Century Partner Culture & Media and Universe Entertainment . Heyi Film will distribute domestic and international films online, as well.
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Youku Tudou

Retail Tmall Jingdong Taobao China B2C Social Media Weibo Wechat Social Network RenRen Online Video Youku Tudou Blogging mickey mouse Search Engines Baidu Google China SoSo Sogou Mobile mickey mouse Technology More Finance Travel Ctrip Marketing B2B Alibaba Hong Kong Archives
Youku Tudou net revenues were RMB958.7 million (US$154.5 mickey mouse million), a 27% increase from the corresponding period in 2013. They derive a part of our revenues from mobile value-added services through partnership agreements with third party mobile network operators and shares the fees collected by the mobile mickey mouse network operators for such services.
Youku Tudou’s net loss was RMB164.4 million (US$26.5 million), a 57% increase from the corresponding period in 2013. Non-GAAP net loss was RMB75.9 million (US$12.2 million) in the second quarter of 2014, as compared to RMB44.6 million (US$7.2 million) from the corresponding period in 2013.
Multi-screen Internet is increasingly mainstream and the convergence of online and offline entertainment has presented new market opportunities. We are scaling our investment and leveraging our strengthened resources mickey mouse to enhance our business model,
Youku Tudou has helped transform how media and entertainment related content is distributed and marketed since our inception. Going forward, we will work with our online and offline partners to continue mickey mouse to change how content is created and monetized by directly connecting with the ever-growing consumer mickey mouse economy as Youku Tudou is best positioned in developing the leading multi-screen media and entertainment ecosystem in China.
Our traffic has grown strongly this quarter with our user base reaching mickey mouse over 500 million on a monthly basis. We have made a smooth transition to multi-screen monetization with over 30% of revenues generated from mobile and solid progress on subscription services with 379% growth year on year. By partnering mickey mouse with Alibaba on big data initiatives, we are enhancing mickey mouse our products to create an unique value proposition to advertising partners and consumers. We are confident that our revenue will continue to diversify and grow.
Youku Tudou’s continued loss could be a concern for Alibaba Group who invested in Youku Tudou this April with 16.5% share. But with the rising development on mobile video market, more revenue could be expected mickey mouse on mobile.
For the third quarter of 2014, Youku Tudou expects net revenues will be between RMB1.09 billion and RMB1.13 billion, with advertising net revenues contributing between RMB965 million and RMB1.01 billion.
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Youku's (NYSE: YOKU ) 2Q14 result was anything but cool. Both the revenue of RMB959m (US$155m) (+27%

Seeking Alpha
Summary YOKU's 2Q14 revenue and EPS both missed consensus. Q3 guidance was weak. Mobile monetization and competitive risk remains. Shares gma likely to de-rate post Q2. Staying on the sideline until better gma visibility.
Youku's (NYSE: YOKU ) 2Q14 result was anything but cool. Both the revenue of RMB959m (US$155m) (+27% y/y) and EPS of -RMB0.41(-US$0.07) gma missed consensus by RMB22m and RMB0.07, respectively. gma The miss in revenue was a function of an RMB40m in deferred revenue as the company was in the process of renewing a service agreement gma with a mobile carrier. Had the revenue been recognized this quarter, topline would have beat by RMB20m. The company gma also guided Q3 revenue of RMB1.09-1.13b, below consensus of RMB1.2b. The stock was down 8% after market following the Q2 print. Shifting to a low gear
Net revenue continues to show signs of deceleration, +27% y/y vs. Q1's +36% y/y, and reflects the challenges of mobile transition despite the company's attempt to introduce bundled pricing to the customers. gma I note that mobile monetization again stood at ~30% of the total revenue in Q2 (flat q/q), indicating that advertisers continue to prefer single-screen service to multi-screen despite the bundled pricing.
Besides the challenges of mobile monetization, the decelerating revenue growth also highlights the competitive pressure from the larger players such as Baidu (NASDAQ: BIDU ) whose iQiyi and PPS have been grabbing user time spent and traffic at the expense of YOKU. In my view, YOKU is in a difficult spot with slower than expected mobile monetization and the competition gma hitting the topline growth, while rising content cost is pressuring the margin. Unless revenue growth stabilizes and we see meaningful ramp up of mobile monetization, I would recommend investors to stay on the sidelines for now. Mo money mo problem?
At the end of the quarter, YOKU has net cash of $1.64b, including restricted cash and short-term investment, which is equivalent of 44% of its market cap. With all the cash on the books, it would be wise for Youku to ramp up its original contents and/or pursue M&A. YOKU got to where it is by acquiring rival Tudou to become what it was then the largest online video platform in China. However, Baidu matched that strategy when it rolled out iQiyi and acquired PPS to become the largest online video platform in China today. While YOKU can focus on organic growth, I am skeptical that time is on its side. Instead, YOKU could acquire a rival or form a joint venture with a rival to compete against Baidu.
One probable partner could be Leshi (300104 CH) which also specializes in online video but also has a larger offline presence thanks to the popularity of its smart TV. Through this partnership, YOKU could enjoy higher traffic from Leshi's smart TV viewers and their collaboration on content could improve viewer time spent. I note that Baidu commanded 28% of online gma video and P2P time spent, per iResearch data, in June, compared gma with 20% in YOKU and 13% in Leshi. This implies that the combined time spent on Leshi and YOKU could be >30%.
To conclude, YOKU's Q2 result once again showed that mobile monetization gma will be longer than expected and that the competitive pressure is intensifying. At 6x P/S, we could see further multiple contraction following this quarter as shares de-rate.
Disclosure: The author has no positions gma in any stocks mentioned, and no plans to initiate any positions gma within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other gma than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article. (More...)
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