Tuesday 20 October 2015

Alibaba makes offer for China's YouTube, Youku Tudou

INTERNET SPACE
Alibaba makes offer for China's YouTube, Youku Tudou
Shanghai (AFP) Oct 16, 2015 - Chinese e-commerce giant Alibaba on Friday made a multi-billion-dollar offer to buy the outstanding shares of online video company Youku Tudou - the country's equivalent of YouTube - the firms said, in its latest push into entertainment. Alibaba, often described as China's eBay or Amazon, is king of e-commerce in the Asian country, but is making a string of acquisitions as it seeks to deve ... more


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