Press for Tudou
Tudou Holdings Limited (Nasdaq:TUDO) ("Tudou" or the "Company"), a leading Internet video company in China, today announced its unaudited financial results for the first quarter ended March 31, 2012.
Chinese video website Youku (NYSE:YOKU) quietly announced late last week that it had made a move to integrate Youku and Tudou accounts, after their giant merger back on March 12. Here at Tech in Asia we’ve been wondering how the two sites would coexist post merger, and whether there would be any tie-ups between the two services, which so far remain as independent video sites.
What this new integration means is that users can use Youku credentials to log in to Tudou, and vice versa. In the future, there will be incrementally improved support for your friend relationships on the platforms, and more synchronized activities as well. Youku already integrates a number of other social services into its video platform for comments and favoriting, such as Sina and Tencent Weibo, Renren, and Kaixin001.
Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experience in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.