Alibaba Group has reached an agreement to purchase a 16.5% stake in Youku Tudou, one of China’s top video sites, the latest move in a frenzy of investments by the country’s largest e-commerce company ahead of an expected U.S. IPO in the coming weeks. Alibaba and Yunfeng Capital, an investment company co-founded by Alibaba’s […]
Alibaba Buys 16% Stake in Top Chinese Video Site Youku Tudou
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