Victor Koo

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 offers $4.6bn to buy streaming platform

Chinese e-commerce conglom Alibaba Group is to buy out video streaming site Youku Tudou for US$4.6 billion. Alibaba currently has an 18.3% stake in the business, but is planning on buying the rest for US$26.60 per American depository share in an all-cash deal. The price set out in a proposal letter to shareholders of the […]

Content costs up as Youku Tudou preps originals

Programming costs at Chinese on-demand platform Youku Tudou have risen 11% as the firm gears up its original TV drama and digital content division Heyi Studios. Spend on programming was RMB602.9 million (US$97.2 million) in the fourth quarter of 2014, representing 48% of net revenues as compared to 39% for the same period a year before. This comes […]

Chinese Big Brother for VOD platform

Online video platform Youku Tudou has commissioned China’s first ever version of Endemol’s flagship format Big Brother. Youku Tudou and a new Endemol Asia unit, Endemol China, are collaborating on a ten-week series, Big Brother China. The series will go into production shortly ahead of an early 2015 launch. Youku Tudou, which formed out the […]

Merger savings narrow Youku Tudou losses

Chinese online video site Youku Tudou narrowed its consolidated fourth quarter net losses by 43% to RMB113.6 million (US$18.2 million) as the cost saving effects of last year’s merger kicked in. Unaudited figures for the three months to December 31, 2012, released today – the company’s first full quarter results since VOD platforms Youku and […]