Lee Spears talks about the sudden jump in prosperity of the Chinese version of Youtube,
Youku. Youku is one of China's largest online video viewing companies and have no plans to be stopped.
Youku.com Inc. surged in the biggest gain for a U.S. initial public offering in five years and E- Commerce China Dangdang Inc. almost doubled in its debut, the latest sign of booming demand for Chinese Internet companies. Youku.com, China’s largest online video company, soared 161 percent to $33.44 today, after completing a $203 million IPO.
This is fairly significant for investers because of China's special conditions. In China, videos from American video viewing websites are blocked such as Youtube. Therefore, domestic websites such as Youku and Tudou are able to take the lead in that sector. Because of this special policy, China is able to keep their viewers dedicated to domestic companies as well as a steady surge of online users as its population grows.
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