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Alibaba Takes $1.22B Stake In Youku Tudou, China’s YouTube
TechCrunch E-commerce giant Alibaba, part of Yahoo, is buying a $1.22 billion stake in Youku Tudou, the main online video provider in China, akin to YouTube. The move looks like a competitive bulwark against its main rival, Tencent. Alibaba and Yunfeng Capital … ‘China’s YouTube‘ in Nomura’s Sights for TakeoverWall Street Journal (blog) |
Source: YouTube News Feed From Google News
Zennie Abraham | Zennie Abraham or “Zennie62” is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.