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 […]
