Baidu Qiyi Is Taking Youku's Market Share

Chimin Sang submits:
Chinese stocks are controversial these days.
In the Reverse Takeover space, also known as RTO space, every day a Chinese company imploded on fraud charges. Yesterday it was Advanced Batteries (ABAT), and Thursday it was Chinese Electronic Motor (CELM).
In the IPO space, we just had a star performer, Qihoo (QIHU), which went up 134% on this first trading day. Investors decided to value this company at $4.2b, 72x its 2010 revenue and 490x its 2010 net income.
I wont comment on if Qihoo is a bubble but the capital market loves bubbles. The majority of the market participants love holding bubbles It is like good ol' days before 2008 except when the bubbles eventually and inevitably pop. Well, without further due, I am going to show you a bubble that is going to burst soon.
Yes, it is Youku (YOKU).
I wrote about it in January, pointing

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