youku tudou news and archive
Alibaba's Jack Ma in bid for Hong Kong newspaper
The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post newspaper, Bloomberg News reported Monday. Discussions are at an advanced stage, it quoted two unidentified people familiar with the matter as saying. A signing ceremony will be announced soon, one of them said. If...
Alibaba takes over China's YouTube
Billionaire Jack Ma's Chinese e-commerce giant Alibaba on Friday announced an estimated 4.8 billion dollar deal to take over video streaming service Youku Tudou as it seeks to spread its online empire. Alibaba is snapping up Youku Tudou, China's equivalent to YouTube, in the latest of a string of acquisitions as it sets its sights far beyond its...