Youku Turns to ‘Captain America’ as Stock Selloff Deepens
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Youku Tudou Inc., the Chinese video website that went public in 2010, is posting the worst monthly decline in a year as concern mounts that growing competition will erode earnings.
American depositary receipts of Youku dropped 5.1 percent to $27.31 last week, extending their monthly slump to 18 percent. Both Tencent Holdings Ltd., Asia’s largest Internet company, and Baidu Inc., China’s biggest search-engine operator, have been expanding into the online video business.