Youku Tudou

Chinese web service Baidu buys video platform

China’s largest internet provider Baidu has acquired a local video on-demand platform for US$370 million, a move that makes it the territory’s largest VOD player by some counts. The acquisition of the online video business of Shanghai-based PPS will place Baidu in deeper competition with the current market leader, Youku-Tuduo. Baidu will merge PPS with […]

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 […]