Ads help Youku.com narrow loss

Youku.com, a Chinese online video company that listed in New York in December, said fourth-quarter loss had narrowed because of strong advertising sales. Revenue for the quarter was 152.5 million yuan, up 183 per cent from a year earlier. Its net loss was 37.7 million yuan, down 18 per cent. Chairman Victor Koo said the company would continue to build up a comprehensive database.