The web clean-up that began in April with a relatively innocuous-looking crackdown on Sina’s (Nasdaq: SINA) video sites is showing signs of becoming a major movement, with word that regulators in Beijing are investigating 52 website operators for violent and pornographic content, including giants Baidu (Nasdaq: BIDU) and Youku Tudou (NYSE: YOKU). News of this new clean-up comes after similar reports emerged last week that online game operators were coming under similar scrutiny, and indicates the current crackdown could last for the next few months. Read Full Post…
Tag Archives: Youku Tudou
News Digest: June 6, 2014
The following press releases and media reports about Chinese companies were carried on June 6. To view a full article or story, click on the link next to the headline.
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- China Probes Baidu, Youku Tudou (NYSE: YOKU) Over Violent Shows -Xinhua (English article)
- SASAC Requires Telcos To Sharply Reduce Marketing Expenses – Reports (English article)
- Apple (Nasdaq: AAPL), Microsoft Targets Of Chinese Media In US Spat (English article)
- Alibaba Buys 50 Pct Of Evergrande Soccer Club For 1.2 Bln Yuan (Chinese article)
- Starbucks (Nasdaq: SBUX) In Education Investments To Develop Future China Leaders (Businesswire)
Xunlei, China Auto File For IPOs in US, HK
New York is firmly establishing a reputation as the preferred listing venue for China Internet IPOs, while Hong Kong is developing a taste for auto-related listings. That’s my quick assessment following reports that online video sharing site Xunlei has just joined a long queue of Chinese Internet firms filing to list in New York. At nearly the same time, car rental company China Auto Rental has filed to list in Hong Kong, reversing course from a previous plan to offer shares in New York. Read Full Post…
News Digest: May 23, 2014
The following press releases and media reports about Chinese companies were carried on May 23. To view a full article or story, click on the link next to the headline.
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- JD.com (Nasdaq: JD) Gains In Debut After Larger-Than-Planned IPO (English article)
- China’s Bright Food To Buy Control Of Israel’s Tnuva To Boost Dairy Sales (English article)
- Youku Tudou (NYSE: YOKU) Announces Q1 Unaudited Results (PRNewswire)
- China to Introduce Security Checks on Foreign IT Products (English article)
- Suning (Shenzhen: 002024), Changhong Sign 3 Year, 26 Bln Yuan Supply Deal (Chinese article)
- Latest calendar for Q1 earnings reports (Earnings calendar)
TV Giants Add To Online Video Woes
China’s online video sites, still reeling from a recent government crackdown on 4 of their most popular TV series, are gearing up for a second round of pain, with word that some of the nation’s top TV stations are launching a new assault on the group of media newcomers. The latest battle in this budding war between traditional and new media has big-name TV stalwarts like CCTV and Hunan Satellite Television reportedly preparing to stop allowing some of their most popular shows to be viewed over sites operated by major online operators like Youku Tudou (NYSE: YOKU) and Baidu’s (Nasdaq: BIDU) iQiyi. Read Full Post…
“24” Win Fails To Boost Youku Tudou
You know that things are bad when leading online video site Youku Tudou (NYSE: YOKU) doesn’t issue a press release trumpeting its recent receipt of simultaneous broadcast rights for the highly hyped return of the US television series “24”. That’s my conclusion after having to read about this relatively big win for Youku in the news headlines rather than a company press release. In fact, Youku Tudou may deliberately want to downplay this latest triumph to avoid attracting Beijing censors who have recently started banning some popular US television series from online video sites. Read Full Post…
News Digest: May 8, 2014
The following press releases and media reports about Chinese companies were carried on May 8. To view a full article or story, click on the link next to the headline.
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- Ctrip (Nasdaq: CTRP) Reports Unaudited Q1 Financial Results (PRNewswire)
- Canadian Solar (Nasdaq: CSIQ) Announces Selective Preliminary Q1 Results (PRNewswire)
- Youku Tudou (NYSE: YOKU) To Simultaneously Release New Season Of “24” (Chinese article)
- Alibaba, ShopRunner Plan To Launch Joint China Service (English article)
- Qihoo 360 (NYSE: QIHU) Search Traffic Share Up Slightly in April – CNZZ (English article)
- Latest calendar for Q1 earnings reports (Earnings calendar)
Tencent Travels With NavInfo Stake Buy
The buying binge by China’s 3 leading Internet companies continues this week, with news that social networking (SNS) giant Tencent (HKEx: 700) is purchasing 11.3 percent of mobile mapping firm NavInfo (Shenzhen: 002405) for 1.17 billion yuan ($183 million). Anyone who thinks I may be mistakenly recycling an old report with this news isn’t too far from the truth, as this particular deal looks quite similar to a different recent investment by e-commerce leader Alibaba in online mapping firm AutoNavi (Nasdaq: AMAP). Read Full Post…
Youku Tudou Finds Benefactor In Alibaba
Just a day after getting some extremely worrisome news that could see many of its most popular offerings censored, leading online video site Youku Tudou (NYSE: YOKU) has announced a more positive development in the form of a $1.22 billion investment led by e-commerce leader Alibaba. The move is part of Alibaba’s recent buying binge, which has already included a handful of investments of this size, as it tries to get into every area of the Internet imaginable. The tie-up does have some positive elements that could help Youku Tudou, and comes as a slight surprise since media were reporting just a month ago that the company was preparing to sell a similar stake to Alibaba rival Tencent (HKEx: 700). Read Full Post…
Online Video Comes Under Censor Scrutiny
The week ahead could be a rough one for Chinese online video stocks, with word that the government agency in charge of screening content has ordered the removal of 4 popular US television series from services including Youku Tudou (NYSE: YOKU) and Tencent Video (HKEx: 700). Word has circulated for the last few weeks that this kind of a move might be coming, but this looks like the official launch of a new rule that will make these fast-growing video sites subject to the same strict censorship rules that apply to all foreign movies, TV shows, music and other published material entering China. That could mean headaches for the video site operators, which in all fairness do increasingly look like TV station operators. Read Full Post…
News Digest: April 25, 2014
The following press releases and media reports about Chinese companies were carried on April 25. To view a full article or story, click on the link next to the headline.
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- Baidu (Nasdaq: BIDU) Announces Q1 2014 Results (PRNewswire)
- AOL’s (NYSE: AOL) Makers Digital Video Initiative Launches In China (Businesswire)
- Sina’s (Nasdaq: SINA) Publication, Video Licenses Revoked For Illicit Content (English article)
- Youku Tudou (NYSE: YOKU) Partners With Leading Smart TV, OTT Makers (PRNewswire)
- BYD (HKEx: 1211) Announces Q1 Financial Results (HKEx announcement)
- Latest calendar for Q1 earnings reports (Earnings calendar)