This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple IOS 6, OS X Mountain Lion To Integrate Youku Services

SAN FRANCISCO, June 12, 2012 /PRNewswire-Asia/ -- In keynote remarks at the 2012 Apple Worldwide Developer's Conference (WWDC) on June 11, Apple announced that the next versions of Apple's OS X desktop operating system and iOS mobile operating system will integrate with services from Youku Inc. (NYSE:YOKU), China's leading Internet television company ("Youku"), to enable users to quickly and easily share videos to the web.

China accounted for 24% of iOS and Android device activations worldwide in February 2012, more than any other country in the world, according to figures from mobile analytics firm Flurry. Apple's addition of support for video-sharing to Youku and Tudou comes as part of updates intended to solidify and expand the company's share of the China market, which constitutes Apple's second-largest market after the United States. Youku and Tudou entered into an agreement and plan of merger in March 2012 and are working towards completing the merger as soon as possible.

"Ever since Youku announced the 'Year of Paike' in 2007, our slogan has been that Youku's Paike video bloggers are everywhere," said Youku CTO Jian Yao. "Thanks to our new partnership with Apple on video-sharing in iOS 6 and OS X Mountain Lion, that's now truer than ever before."

iOS 6, which Apple said will be released this fall, will also add support for Chinese voice recognition through Siri, as well as greatly improved Chinese text input and handwriting recognition. The update will deepen iOS' integration with China-native web services, as will OS X Mountain Lion, the next version of Apple's desktop operating system, to be released in July.

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:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs