The price increase was literally off the chart on my iPhone Bloomberg app

Much has been written about the Tudou and Youku merger over the past 24 hours and I don’t want to add too much to that – but I of course want to record this on my blog!

Pre-trading the price was up over 200%

Personally I think the merger between the two giants of China online video is the best solution for both companies. The combination of Tudou and Youku will create a huge company that will dominate the market and that will likely have a lot of synergies. Markets also saw it that way, as my Tudou net worth tripled in pre-trading (later gains were down to ‘just’ 150%). Thanks to Gary and the board for negotiating this deal!

And if you want to have a laugh, read this Motley Fool post that told its readers to sell Tudou less than 2 weeks ago, perfect timing!

Price development during the first day, with a huge trading volume, and a price increase of 156%

Toasting a glass of champagne with my dad