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Youku Tudou CEO to oversee $1.5bn fund

The CEO of Youku Tudou has been named chairman of a US$1.5 billion digital media and entertainment investment fund. Victor Koo (pictured) will be chairman of a strategy and investment committee that will sit alongside an enlarged entertainment unit of Youku Tudou parent Alibaba Group, titled Alibaba Digital Media and Entertainment Group. This will have […]

Alibaba to pay $3.7bn for ‘China’s YouTube’

Alibaba Group has entered into an agreement to buy ‘China’s YouTube’, Youku Tudou, for around US$3.7 billion, with the deal’s total value coming in closer to US$5 billion. The deal means e-commerce giant Alibaba will buy the shares in Youku Tudou it did not already owns, raising its stake from the current 18.3%. The overall […]