Youku Tudou Inc (ADR) (NYSE:YOKU), China’s leading Internet television company, announces the appointment of Hugh Wu as the Senior Vice President and Chief Financial Officer, effective May 6, 2015.
Hugh Wu has nearly 16 years of senior financial management experience from renowned multinational and domestic corporations. Before joining Youku Tudou, Hugh served as Chief Financial Officer of Lenovo China and Asia Pacific Emerging Markets, excludingAustralia, New Zealand, and Japan (APEM), and Vice President of Lenovo Group, responsible for managing a 300-member finance team. Hugh was also in charge of managing all of Lenovo Group’s wholly-owned entities and joint ventures in China and APEM. Prior to Lenovo Group, Hugh served as the Senior Finance Controller at Microsoft Greater China, Chief Financial Officer and Executive Director of BOD at Hc360.com, and Chief Financial Officer at Lenovo Mobile.
Hugh is the Counsel Trustee of the Chartered Institute of Management Accountants (CIMA)’s China Advisory Committee, a fellowship member of U.K. CIMA, and a member of U.S. Chartered Global Management Accountants (CGMA). He is also the Deputy Chairman of Zhongguancun Listed Company Association. Hugh graduated from Beijing Foreign Studies University. He also earned a Master’s Degree in Management from University of Bath.
“Our executive leadership team is now more complete and powerful with Hugh Wu joining us as Chief Financial Officer, which follows the recent appointments of Senior Vice President Jerry Li, Chief Product Officer Teddy Gu and Chief Operating OfficerEdward Su,” said Victor Koo, Chairman and CEO of Youku Tudou. “Within the framework of our new multi-business unit and content center structure, I believe this experienced executive team will work with unprecedented vigor to implement our business strategies and build Youku Tudou’s multiscreen entertainment and media ecosystem.”(Original Source)
Shares of Youku Tudou opened today at $19.34 and are currently trading down at $19.33. YOKU has a 1-year high of $24.60 and a 1-year low of $11.85. The stock’s 50-day moving average is $15.58 and its 200-day moving average is $17.30.
On the ratings front, Youku Tudou has been the subject of a number of recent research reports. In a report issued on April 20, Summit Research analyst Henry Guo initiated coverage with a Hold rating on YOKU and a price target of $16, which represents a potential downside of 17.3% from where the stock is currently trading. Separately, on March 23, Nomura’s Chao Wang reiterated a Buy rating on the stock and has a price target of $24.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Henry Guo and Chao Wang have a total average return of 8.8% and 8.8% respectively. Guo has a success rate of 42.1% and is ranked #1290 out of 3590 analysts, while Wang has a success rate of 55.6% and is ranked #1272.
In total, one research analyst has rated the stock with a Sell rating, one research analyst has assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $19.34 which is -8.3% under where the stock opened today.
Youku Tudou Inc is an Internet television company in china. Its internet television platform enables consumers to search, view and share high-quality video content quickly and easily across multiple devices.