YOKU INVESTOR ALERT: Law Offices of Howard G. Smith Reminds Investors of the Lead Plaintiff Deadline in the Class Action Laws...

Law Offices of Howard G. Smith reminds investors of Youku Tudou, Inc. (“Youku” or the “Company”) (NYSE: YOKU) who purchased the Company’s securities between February 27, 2014 and March 19, 2015, inclusive (the “Class Period”), of the May 25, 2015 deadline to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York.

If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], toll-free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com. If you are a member of the Class described above, you may move the Court no later than May 25, 2015, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.

The Complaint alleges that throughout the Class Period, Defendants misled investors by improperly recognizing revenue on certain transactions, the Company lacked adequate internal controls over financial reporting; and, the Company's financial statements were materially false and misleading at all relevant times.

Youku operates an Internet television company in the People's Republic of China. On March 19, 2015, after only two days’ notice of its pending earnings release, the Company reported a net loss of $51.3 million, compared to $4 million in the same quarter of 2013. Youku also disclosed that the SEC is investigating certain aspects of the Company's past accounting practices relating to revenue recognition for multi-part deals, accounting of "non-monetary exchanges of licensed content" and the classification of licensed content as long-lived assets.

On this news, Youku's stock price dropped nearly 11% per share to close at $13.50 per share on March 20, 2015.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. SmithHoward G. Smith, [e-mail]