Hong Kong on hunt for New York’s excellence
Excellent and cool. Two adjectives that any person or company would be delighted to be called. Well, lucky for Youku.com, a Chinese video website, that’s exactly what its name does mean in Chinese — and it more than lived up to it this week.
Youku.com and fellow website E-Commerce China Dangdang sparkled on the New York Stock Exchange, pricing above their price range and enjoying impressive day one increases Youku.com jumped 161% in its first day. Chinas growth story is "excellent and cool" and US investors are lapping it up.
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