Youku's IPO does prove that video websites have gained recognition from mainstream capital during a difficult development period. Meanwhile, Youku will also lead the next wave of listing fever in the video industry. However, capital returns are not just about traffic after going public; they require financial statements and profit expectations. In the future video industry, there will be more than just copyright disputes, traffic competition, and high-definition rivalries—there will be more capital involvements. And Youku may very well be the main character in this new round of capital competition.