Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Tudou Gains Most in 10 Weeks as Cost Controls Boost Profit

Tudou Holdings Ltd., the Chinese online video site being acquired by Youku Inc., gained the most in 10 weeks in New York as first-quarter profit and sales beat estimates.

American depositary receipts of Shanghai-based Tudou surged 12 percent to $33.44 at the close of trading in New York, the most since Youku said on March 12 that it planned to acquire its rival video site operator in a stock deal valued at about $880 million. Tudou shares have climbed 117 percent since the deal was announced. Youku jumped 11 percent, also the biggest gain since March 12, to $22.56.

Tudou is cutting costs in preparation for its merger with Youku, said Andy Yeung, a New York-based analyst for Oppenheimer & Co. Tudou in a statement reported first-quarter sales of $22.3 million, exceeding Yeung’s estimate of $21.4 million. Tudou reported a loss of 75 cents per share on a GAAP basis compared to a $1 loss forecast by Yeung.

“Tudou saw significant improvement on net income through cost controls that were much better than expected,” Yeung said in a phone interview. “This bodes very well for the acquisition process and is good news for investors.”

Yeung has an outperform rating on Tudou.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.