Despite Stock Market Rout, Investors Still Love LeTV

(Beijing) – Despite the recent turmoil in China's stock market, the Internet video company LeTV has seen its market capitalization rising thanks to investor confidence in the Internet TV sector.

In early July, the value of LeTV's Shenzhen-traded shares was 88.6 billion yuan, up more than 100 percent from last year. The company's market cap peaked on May 12 at 150.7 billion yuan. Letv.com has outperformed many rivals in the stock market, including Youku Tudou Inc., which is valued at around 19 billion yuan on the New York Stock Exchange.