Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables consumers to search, view, and share video content across various devices. The company’s services for users comprise online video content library consisting primarily of professionally produced content, including television serial dramas, movies, current event reports, variety shows, and music videos. It also provides guided user-generated content through Youku Paike and Youku Niuren programs; and produces a range of content, such as sponsored Web serial dramas, reality shows, interviews, and variety shows under Youku Originals brand. The company’s other ser...
8 Haidian Street
Founded in 2005
Youku Tudou Inc. Announces Board Appointments
Oct 8 14
Youku Tudou Inc. announced the addition of two members to its leadership team, Teddy Gu as Chief Product Officer, and Jerry Li as Senior Vice President. As Chief Product Officer, Teddy Gu will be responsible for the Group's product strategy and operations, and drive the Group's direct-to-consumer businesses. Teddy Gu has become Youku Tudou's first CPO since its founding. Teddy Gu worked at Tencent for a decade, responsible for Tencent's key services including QQ members, QQ Show, and e-Commerce. Teddy had held senior positions including the Chief Marketing Officer of 51Buy, a business-to-consumer branch of Tencent, and Deputy General Manager of Tencent's e-Commerce business, etc. Teddy most recently served as Vice President of JD.com, overseeing its wireless business. As Senior Vice President, Jerry Li will be responsible for Youku Tudou's Talent Management and Corporate Business Development. Before joining Youku Tudou, Jerry was Vice President of AsiaInfo Group, responsible for talent management, organizational development and driving key investment projects in start-up companies in mobile Internet, cloud computing and big data. At AsiaInfo, Jerry was also responsible for managing the human resource integration of AsiaInfo and Linkage, a merger of equals involving almost 10,000 employees, and post-merger organizational transformation of the group.
Youku Tudou Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014
Aug 19 14
Youku Tudou Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company's net revenues were RMB 958.7 million (USD 154.5 million), a 27% increase from the corresponding period in 2013. The company derive a part of revenues from mobile value-added services through partnership agreements with third party mobile network operators and shares the fees collected by the mobile network operators for such services. Net loss was RMB 164.4 million (USD 26.5 million), a 57% increase from the corresponding period in 2013. Non-GAAP net loss was RMB 75.9 million (USD 12.2 million) in the second quarter of 2014, as compared to RMB 44.6 million (USD 7.2 million) from the corresponding period in 2013. Basic and diluted loss per ADS, each representing 18 Class A ordinary shares of the Company, for the second quarter of 2014 amounted to RMB 0.88 (USD 0.14) and RMB 0.88 (USD 0.14), respectively. Non-GAAP basic and diluted loss per ADS for the second quarter of 2014 amounted to RMB 0.41 (USD 0.07) and RMB 0.41 (USD 0.07), respectively. Non-GAAP adjusted EBITDA loss was RMB 52.9 million (USD 8.5 million) in the second quarter of 2014, as compared to RMB 28.7 million (USD 4.6 million) from the corresponding period in 2013. Loss before income taxes was RMB 164,423,000 against RMB 104,993,000 a year ago. Net cash used in operating activities was RMB 155,156,000 against RMB 63,399,000 a year ago. Acquisition of property and equipment was RMB 84,968,000 against RMB 34,549,000 a year ago. Acquisition of intangible assets was RMB 246,320,000 against RMB 102,500,000 a year ago. Non-GAAP loss from operations was RMB 89,282,000 against RMB 56,220,000 a year ago. EBITDA loss was RMB 138,005,000 against RMB 84,409,000 a year ago.
For the six months period, the company reported net revenues of RMB 1,659,093,000 against RMB 1,269,454,000 a year ago. Loss from operations was RMB 406,286,000 against RMB 370,192,000 a year ago. Loss before income taxes was RMB 389,128,000 against RMB 337,467,000 a year ago. Net loss was RMB 389,140,000 or RMB 0.12 per basic and diluted share against RMB 337,525,000 or RMB 0.11 per basic and diluted share a year ago. Net cash provided by operating activities was RMB 101,345,000 against net cash used in operating activities of RMB 59,205,000 a year ago. Acquisition of property and equipment was RMB 113,159,000 against RMB 61,913,000 a year ago. Acquisition of intangible assets was RMB 412,211,000 against RMB 341,421,000 a year ago. Non-GAAP loss from operations was RMB 241,335,000 against RMB 259,431,000 a year ago. Non-GAAP net loss was RMB 224,189,000 or RMB 0.12 per basic and diluted share against RMB 226,764,000 or RMB 0.11 per basic and diluted share a year ago. EBITDA loss was RMB 336,866,000 against RMB 296,865,000 a year ago. Non-GAAP EBITDA loss was RMB 173,097,000 against RMB 205,105,000 a year ago.
For the third quarter of 2014, the company expects net revenues will be between RMB 1.09 billion and RMB 1.13 billion, with advertising net revenues contributing between RMB 965 million and RMB 1.01 billion.