Youku.com Inc. Announces Exercise of Green Shoe Option

Youku.com Inc. ("Youku" or the "Company") (NYSE: YOKU), a leading Chinese Internet television company, announced that the underwriters of its initial public offering exercised their over-allotment option to purchase an additional 2,377,155 American depositary shares ("ADSs") from Youku at the initial public offering price of US$12.80 per ADS, less the underwriting discount. With this exercise, the initial public offering totaled 18,224,855 ADSs each representing 18 Class A ordinary shares of the Company.

These ADSs started trading on the New York Stock Exchange on December 8, 2010, under the symbol "YOKU". Goldman Sachs (Asia) L.L.C. acted as sole global coordinator and sole bookrunner, and Allen & Company LLC, Piper Jaffray & Co. and Pacific Crest Securities LLC acted as co-managers for the offering.

A registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission on December 7, 2010. The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department (telephone: [phone]; facsimile: 212-902-9316; e-mail: [e-mail]).

About Youku

Youku.com Inc. (NYSE: YOKU) is China's leading Internet television company. Our mission is to become the primary source of video content for Chinese internet users across all Internet-enabled devices. Youku offers a combination of licensed professional content, user-generated content and self-produced web video content. According to iResearch, Youku attracts approximately 203 million monthly unique visitors from homes and offices and 61 million monthly unique visitors from Internet cafes, and has a 40% share of total user time spent viewing online videos among Chinese internet users. Youku.com was launched in December 2006. For more information, please visit http://www.youku.com/about/en/