Wanda Group

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 […]

Report: Netflix to partner with China’s Wanda Group

Netflix is set to team up with Chinese conglomerate Wanda Group for its planned launch in the country, according to local reports. The Want China Times, the English news website of Taiwan-based China Times News Group, reported that Wanda Group had been discussing details of a Netflix partnership last month. Citing a separate report China’s […]