Subaye, Inc. Jumps 10% (SBAY)

Shares of Subaye, Inc. SBAY are jumping higher this morning, currently up by 10.08%, trading at $7.10. The company announced a FY 2010 adjusted EBITDA increase of 53.9% this morning, sparking this rally. The company also backed their FY 2011 EPS and revenue guidance of $3.12 per share on $71.3 million. Stock volume has already surpassed 3.4x the 10-day daily average. Subaye, Inc., formerly MyStarU.com, Inc., together with its subsidiaries, is a video advertising and entertainment media provider in China. Subaye's platform includes production, upload, storage, sharing and publishing onto more than 33 main video sharing portal websites.