Youku CEO: Profitability In Sight
Tencent Tech, 5/11/10
Victor Koo, CEO of Chinese video site Youku, said recently that the company hasn't yet spent all of its RMB 900 mln in funding, and that website revenue growth is beginning to speed up.
Koo revealed that revenues for 2009 were RMB 200 mln - twice the set target of RMB 100 mln - and revenues have continued to trend upwards in 2010. "We see profitability and capital coming into view," Koo said.
A spokesperson for Youku said that the company had set a high sales target for itself in Q1 2010, which it had already met.
Keywords: profit Victor Koo Internet funding revenue Youku sales target online video
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