BEIJING, July 2, 2012 /PRNewswire-Asia/ -- Youku Inc.
(NYSE: YOKU), China's leading
Internet television company, today announced that Mr. Dele Liu,
Chief Financial Officer and Senior Vice President of Youku, has
been promoted to President and Mr. Michael
Xu, previously Senior Vice President of Finance,
succeeds Mr. Liu as Chief Financial Officer and Senior Vice
President, effective July 1,
2012.
"Dele has been with our company since 2006 and has demonstrated
exceptional leadership during his tenure as Chief Financial Officer
and Senior Vice President through a period of unprecedented change
and growth in our industry," said Victor
Koo, Chairman and Chief Executive Officer of Youku. "Dele's
proven ability in leading the business in a strategic manner will
bode well in his new role as President with on-going focus on
business operations and development. With the addition of Michael
as Youku's Chief Financial Officer, who brings over 16 years of
financial experience in both China
and the US, we have a very strong management combination to
lead Youku going forward."
Before he joined Youku in September
2011, Michael Xu held various
senior executive positions at leading Chinese technology and media
companies, including Lenovo, Alibaba, and Focus Media. Prior
to that, Xu worked at Cisco Systems in the US and as an auditor at
PricewaterhouseCoopers in Beijing.
Xu holds an MBA degree and a Master of Accounting degree from the
University of Texas and a bachelor's
degree in economics from Beijing Institute of International
Relations.
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:
Investor Relations:
Ryan Cheung
Corporate Finance Director
Youku Inc.
Tel: +86-10-5885-1881 x6090
Email: ryan.cheung@youku.com
SOURCE Youku Inc.