Narrower loss
Source: Shanghai Daily |
March 1, 2014, Saturday
|
Print Edition
Print Edition
Youku Tudou Inc, China’s No.1 Internet video company, yesterday posted a narrower loss in the fourth quarter on increased advertising income and booming mobile traffic. The company’s net loss totaled 24.6 million yuan (US$4 million), a 78 percent tumble from a year earlier. The revenue was 901.3 million yuan, an increase of 42 percent.
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