Youku Tudou Offers Clarification on Jun. 2 Press Release Related to Marvel Online Movie Marketing Partnership: 'No Exclusive Marketing Deals or Arrangements'

Youku Tudou, Inc.

, China's leading Internet television company ("Youku Tudou") would like to provide clarification on certain facts referenced in a press release issued on PRNewswire on June 2, 2015 in relation to its business relationship with Disney. The press release stated that the two companies had formed an exclusive online marketing partnership in China for the Marvel collection of movies and TV series. Youku Tudou would like to clarify that while it has worked with Disney since 2013 on numerous online marketing initiatives in China pertaining to the Marvel collection of movies and TV series, no exclusive marketing deals or arrangements have been signed or concluded by the two companies.