TVB gets a 49 per cent stock boost as Hong Kong broadcaster signs deal with Alibaba’s Youku platform

• TVB surged 49.6 per cent in Hong Kong after signing a two-year deal with Youku, a move that will generate 700 million yuan in revenue
• Stock has gained as much as US$542 million in market capitalisation since rallying from this year’s low of HK$3.71 to a high of HK$13.40 on closing basis