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Baidu Inc. (BIDU) said it will pay $370 million to acquire the online video unit of PPStream Inc., a popular streaming television service in China, making it one of the most significant players in online video in the country.In recent years, Chinese online Internet companies have spent heavily to purchase original content, leading to poor margins. But many analysts say in the long term online video will become highly profitable because of the high demand to run video ads that target specific segments of viewers.Baidu has been under pressure in recent months to continue to secure a large revenue stream from its online search business. Users in China are increasingly switching to smartphones to access the Internet. Advertisements on smartphones are still far away from catching up to those on the general Internet in terms of popularity and profitability.Baidu said in a statement Tuesday that it would integrate the service into its iQiyi online video unit. Unlike many other parts of the Ch...
The Chinese online video company Youku Inc. will acquire Tudou Holdings Ltd., , its main competitor, in an all-stock deal, according to a joint statement Monday by t...
Baidu Inc, China's largest search engine, has signed an agreement with top music studios to distribute licensed songs through its mp3 search service, ending years of...
LinkedIn (NYSE:LNKD) opened at $83 a share and surged beyond $120 at one point on Thursday, marking a remarkably strong debut for the largest U.S. Internet IPO since...
A fourth-quarter flurry of initial public offerings has breathed fresh life into the market for new listings.More than four dozen American and foreign companies list...
Chinese video-streaming Web site Youku.com has raised US$40 million in new investment as the site, part of a hugely popular genre in China , looks to expand and star...
Baidu Inc. (BIDU) said it will pay $370 million to acquire the online video unit of PPStream Inc., a popular streaming television service in China.In a statement Tue...
The Technology sector (XLK) showed little movement while the S&P 500 gained 0.2% during trading today.The ETF, as a proxy for the sector, tracked closer to the overa...
There are a few stocks that are up on high volume today:Trading with a volume of 28.3 million, or 2.8 times its average daily volume, American Intl Group (NYSE:AIG) ...
Chinese online video site operator Youku Inc. was off by 95 cents a share, or 5%, at $18.12, while Tudou Holdings Ltd. fell $2.12 a share, or more than 7%, to $27.21...
During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.The ETF has moved down across its 50-day moving average of $29.66 today....
China's top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth more than $1 billion, cr...
Shares of Youku Inc. and Tudou Holdings soared Monday morning as the two Chinese online video companies unveiled a plan to merge. Youku shares were up more than 22% ...
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