Eyeing a Youku Position
Chinese online video site Youku (YOKU) was hit by two pieces of news yesterday that yanked down the stock by 7%.
First, they announced that CFO Dele Liu will be promoted to president, which is in the process of merging with its main rival Tudou (TUDO). Liu's replacement is Michael Xu, who is relatively new to the company (arriving last September) and previously worked at Levono, Alibaba Group and Cisco (CSCO)....288 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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