BEIJING, April 5, 2012 /PRNewswire-Asia/ -- Youku Inc.
(NYSE: YOKU), China's leading
Internet television company ("Youku"), announced today that it
received an Internet Publication License from China's General Administration of Press and
Publication (GAPP) on March 28. The
license covers publication of any audio-visual content that is
officially authorized for distribution in China, and the license authorizes Youku to
offer such content over both online and mobile networks.
Youku is one of China's first
online video companies, and one of a handful of Internet companies,
to be granted this permit. The new license will allow Youku to
expand its offerings into the field of the mobile Internet and
converged networks.
"We're very excited to receive the Internet Publication
License," said Zhu Huilong, Vice president of Movie Operations and
Corporate Development. "We see this as a recognition of our Youku
Premium business model and our successes in presenting and managing
online content. The new license will allow Youku to further extend
its industry-leading platform, and will help us ensure that we can
offer quality content to our 300 million viewers no matter where
they are or whether they're using PCs, tablets, or
smartphones."
Youku received two online video licenses from China's State Administration of Radio, Film
and Television (SARFT) in July 2008
for Internet audio/video programming transmission and production,
which enabled the company to engage in professional content
syndication, user-generated content sharing, and original content
production. Two more SARFT permits in February 2011 allowed Youku to expand its video
services into live broadcasting, video search, and production and
distribution of original content.
About Youku
Youku Inc. is China's leading
Internet television company. Our Internet television platform
enables users to search, view and share high-quality video content
quickly and easily across multiple devices. Youku, which stands for
"what's best and what's cool" in Chinese, is the most recognized
online video brand in China.
Youku's American depositary shares, each representing 18 of our
Class A ordinary shares, are traded on NYSE under the symbol
"YOKU."
For more information, please contact:
Media Relations:
Jean Shao
Director, International Communications
Youku Inc.
Tel: +86-10-5885-1881 x7128
Email: shaodan@youku.com
Investor Relations:
Ryan Cheung
Corporate Finance Director
Youku Inc.
Tel: +86-10-5885-1881 x6090
Email: ryan.cheung@youku.com
SOURCE Youku Inc.