Youku, Changyou.com Lead China Stocks Higher

Shares of Chinese Internet TV company Youku

spiked higher at the open Monday, following reporting a near doubling in Q2 revenues. Youku traded as high as $17.88 after the open, up from Friday's close of $16.93. Shares of Chinese online gaming company Changyou.com

rose as high as $23.40, up from Friday's close of $19.37, as it reported better than expected earnings. Baidu

gained 2.00%, Sina

gained 4.35% in early Monday trading.