Monday, April 28, 2014

Alibaba buys stake in China’s equivalent of YouTube

How much for Youku Tudou Inc? Try US$1.22 billion! Right now, it’s the third biggest media acquisition by the company Alibaba is on a huge buying spree. In the past eight months, it has invested US$50 million in app search engine Quixey, US$1.05 billion to take a 20 per cent stake in Wasu Media Holding Read the full article...



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