Youku is the largest online video website in China, taking 20% of this highly competitive market. The company initially emphasized user-generated content, like what its US counterpart YouTube exceled, but later shifted its focus to professionally-produced movies and TV series licensed from over 1,500 producers. Youku made its IPO on NASDAQ on Dec 8, 2010 (Ticker: YOKU). On March 12, 2012, Youku announced a merger with Tudou.com to form a new company named Youku Tudou Inc., which dominates this very fragmented market by 35% market share.
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