Orlando, FL 1/17/12 (StreetBeat) -- Chinese online video portal Ku6 Media Co Ltd (Nasdaq: KUTV) said it tied up with Google Inc's (Nasdaq: GOOG) YouTube to showcase its videos on a new channel operated by the Internet giant, sending its U.S.-listed shares up 132 percent on Tuesday.Ku6 shares rose $1.83 to $3.21 early on Tuesday on the Nasdaq in heavy trading.
The company expects the partnership to expand its content offering into the international market.
Ku6 also plans to recruit a team to operate this channel to help grow its user base and revenue in the international market.
The company competes with Tudou Holdings Inc (Nasdaq: TUDO), Youku.com Inc (NYSE: YOKU) and Qiyi.com, a firm partly owned by Baidu Inc (Nasdaq: BIDU).
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