Ku6 Media Spikes on Alibaba Rumor

Shares of Chinese online video company Ku6 Media

are seeing much strength during Tuesday's trading session as rumors circulate that Alibaba's CEO Jack Ma is considering an investment in Ku6 Media. Ku6 Media announced last week that it has entered into a definitive agreement with YouTube, which would allow Ku6's international users to view original videos from China through a new channel operated by YouTube. The company believes that this partnership will allow Ku6 to expand its content offering into the international market. Ku6 plans to recruit a team to operate this channel to help grow its user base and revenues in the international market. According to the rumors, Jack Ma said that Ku6 Media is the future "Youtube" of China. Currently, shares of Ku6 Media are trading about 8% higher at $2.13, or up about 80% on the year.