Top 10 ways Alibaba is building an empire
Updated: 2014-06-30 07:11
By He Yini (chinadaily.com.cn)
Top 2 Youku Tudou Inc
Investment: $1.22 billion
Share: 16.5 percent
Date: April 28
Along with private equity firm Yunfeng Capital, Alibaba agreed to purchase a minority stake of Youku Tudou Inc, a move that marked the first step by the world's largest online shopping platform into the online video market and "will further extend the Alibaba ecosystem and bring new products and services to Alibaba's customers".>>> more
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Alibaba will indirectly hold about 16.5 percent of Youku Tudou's shares after the acquisition, and Yunfeng Capital will hold 2 percent, according to a statement released by the video company. [Photo / IC] |
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