YOKU: Chinese tech stocks rally following strong PMI print

Chinese tech stocks rally following strong PMI print • 1:16 PM

• Chinese tech names, already having a spring/summer to remember, are largely outperforming after China's August flash manufacturing PMI came in at 50.1, easily beating a consensus of 48.2.
• Baidu (BIDU +2%), Dangdang (DANG +6.3%), Vipshop (VIPS +3.8%), Youku (YOKU +3.1%), Sina (SINA +2.7%), and Renren (RENN +2.1%) are among the winners.
• However, LightIntheBox (LITB -7.9%), which crumbled on Tuesday due to a revenue miss and soft guidance, is adding to this week's losses, and making new post-IPO lows in the process.

Read comments

YOKU price at time of publication: $23.35. Check YOKU price now »

Get Seeking Alpha notifications with our iPhone App | Android App | iPad App

Focus Articles on YOKU

• Youku: Surfing High Returns In China by Fusion Research
• Youku Tudou: An Investment Opportunity That Won't Last For Long by James Sands
• Youku.com's Upcoming Earnings Disaster: 5 Reasons To Be Bearish by Heisenberg Principle

Press Releases on YOKU

• Youku Tudou Announces Second Quarter 2013 Unaudited Financial Results (PR Newswire)
• Youku Tudou to Release Second Quarter 2013 Unaudited Financial Results on August 8, 2013 (PR Newswire)
• Youku Widening its Lead in Mobile Video Traffic (PR Newswire)

Related Articles on YOKU

• I Told You These Stocks Would Outperform The Market: They Are Still Undervalued Too by Justin Giles
• Buy These Top 10 Technology Stocks For Your 2013-2014 Portfolio by Justin Giles
• Tremor Video: Take Caution Before Considering A Long Position by James Sands

StockTalk on YOKU: YOKU StockTalk | Twitter YOKU | Twitter $YOKU | YOKU Instablogs

Recent Market Alerts on YOKU: All currents | Earnings | Dividends | M&A | On the move

Transcripts on YOKU

• Youku Tudou Management Discusses Q2 2013 Results - Earnings Call Transcript
• Youku Tudou Management Discusses Q1 2013 Results - Earnings Call Transcript
• Youku Tudou Management Discusses Q4 2012 Results - Earnings Call Transcript

---

Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.

Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following YOKU: unsubscribe from all YOKU email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on YOKU

To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.

Prices in this email are BATS Last Sale quotes.

Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001