alibaba,  Asia,  eCommerce,  Fundings & Exits,  YouKu

Alibaba To Buy Youku Tudou In Deal Valuing China’s YouTube At $4.2B

alibaba Alibaba, the New York-listed Chinese e-commerce giant, is getting into video in a major way, after it announced plans to buy out Youku Tudou, one of China’s top YouTube-like services, in an all cash deal. It previously invested $1.22 billion in the content firm, which claims to serve 580 million users each month. Read More