Chinese Internet video group Youku Tudou announced that they have established a strategic investment and cooperation partnership with Alibaba, which will hold a 16.5% stake in Youku Tudou. According to Youku Tudou, Alibaba and Yunfeng Capital will jointly acquire 721 million class A ordinary shares of Youku Tudou for USD1.22 billion. Youku Tudou's 18 class […]

Visit the original source and full text: ChinaTechNews.com