Youku

Youku Tudou Inc.
Screenshot
Screenshot of Youku home page
Type of businessSubsidiary
Type of site
Video hosting service
Available inChinese
English, Vietnamese, Thai, Indonesian, Spanish, Malay, and Portuguese (all Global edition only)
FoundedMarch 2006; 18 years ago (2006-03)
Headquarters
Founder(s)Victor Koo
IndustryInternet
ServicesOnline services
RevenueUS$649.5 million (2014)[3]
Employees2,104[4]
ParentAlibaba Group
URLwww.youku.com (Chinese edition)
www.youku.tv (Global edition)
RegistrationOptional
(required to upload and/or comment on videos)
Launched21 December 2006; 17 years ago (2006-12-21)
Current statusActive
Youku
Simplified Chinese优酷
Traditional Chinese優酷
Literal meaningexcellent (and) cool
Transcriptions
Standard Mandarin
Hanyu PinyinYōukù
Mickey Huang and Zhou Yo at Golden Bell Awards 50th Anniversary Exhibition

Youku Tudou Inc. (formerly Youku Inc.), doing business as Youku[5] (Chinese: 优酷; lit. 'excellent (and) cool'),[6] is a video hosting service based in Beijing, China. It operates as a subsidiary of Alibaba Group Holding Limited.

Youku has its headquarters in the Sinosteel Plaza in Haidian District, Beijing.[citation needed]

On 12 March 2012, Youku reached an agreement to merger with Tudou in a stock-for-stock transaction, the new entity being named Youku Tudou Inc.[7] In 2014, it had more than 500 million monthly active users, with 800 million daily video views.[8]

Youku is one of China's top online video and streaming service platforms, along with iQiyi, Sohu, LeTV, Tencent Video, PPTV, 56.com and Funshion. However, Youku's domination in the Chinese market was toppled by its competitor Baidu's iQiyi in 2015.[9]

  1. ^ "Contact Us." Youku. Retrieved on December 27, 2010. "Beijing 5th Floor, Sinosteel Plaza, 8 Haidian Dajie, Haidian District, Beijing, 100080, China."
  2. ^ "版权声明." Youku. Retrieved on December 27, 2010. "北京市海淀区海淀大街8号中钢国际大厦5层" and "合一信息技术(北京)有限公司"
  3. ^ "Financial statement FY2014 Archived 2016-01-22 at the Wayback Machine." Youku. Retrieved on April 22, 2015
  4. ^ "Youku Tudou Inc (ADR): NYSE:YOKU quotes & news". Google Finance. Retrieved 2014-06-28.[failed verification]
  5. ^ "Youku Tudou Inc.: Private Company Information". Bloomberg.com.
  6. ^ Moore, Malcolm (December 14, 2010). "Youku founder Victor Koo believes only China can help his company grow, make money and even beat piracy". The Daily Telegraph. London. Retrieved September 11, 2014.
  7. ^ Chao, Loretta; Steger, Isabella (March 12, 2012). "China's Youku to Buy Chief Rival Tudou". The Wall Street Journal. New York. Retrieved March 12, 2012.
  8. ^ "Youku Tudou Partners with Xiaomi to Accelerate Multi-Screen Ecosystem Development". Youku Tudou. November 12, 2014. Archived from the original on 2016-01-22. Retrieved 2023-08-02.{{cite web}}: CS1 maint: unfit URL (link)
  9. ^ Roettgers, Janko (March 10, 2014). "Baidu's Iqiyi overtakes Youku as China's most popular video service". Gigaom. Archived from the original on 2022-05-27. Retrieved 2023-08-02.