My best guess is the Alibaba IPO has helped to focus the spotlight in the Chinese Internet stocks, aside from KUTV, other Chinese Internet stock/portals have gone up over the last 3 months in general as well.
KUTV with its traffic ranking is very promising but still comes down to whether they cuold turn that traffic into profit. I am long KUTV for now and continues to see a bright outlook for it.
I really kind of just look at things from a technical standpoint, but imo, charts can be used to visually depict everything that's going on behind the scenes fundamentally about a company. Price movement is a byproduct of supply and demand. This jump was due to an imbalance between supply and demand. This imbalance is caused by a reduced amount of sellers and an increased amount of buyers. This selling/buying activity can be seen in charts (i look at weekly charts). While looking through charts in my research, KUTV's uptrend from a base led me to believe that there was something interesting happening fundamentally in the company. In my research, I learned with robbiers help that there was a lot of increased web traffic, most likely leading to future profitability. Charts are forward looking and I think a very good way to "predict the future".
I have absolutely no idea. I just do my own research, don't listen to anything the analysts say, and generally hold for the long term. However, based on the volume, it may be that some institutional investor has discovered this little gem. Yes, this is a very nice start!