The Street -
23 Mar 2015 17:14
NEW YORK (TheStreet) -- Shares of Chinese online video company Youku Tudou fell 2.11% to $13.22 in morning trading Monday after Deutsche Bank DB downgraded the stock to "sell" from "hold" and cut its price target to $10.90 from $18.60 on Friday. The firm said Youku is losing its advantage as its competitors Baidu and Tencent Holdings increase their video offerings. "We believe Youku is facing increasing pressure from the content arms race and market share challenges following a year of...
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