Alibaba and Yunfeng Capital will buy the stake in the video-sharing website Youku Tudou. Photo: Martin Chan

Alibaba to buy US$1.22 billion stake in video-sharing firm Youku Tudou

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US$1.22b investment inYouku Tudou is partof venture into the entertainment industry

Published: 1:15am, 29 Apr, 2014

Updated: 1:15am, 29 Apr, 2014

Alibaba and Yunfeng Capital will buy the stake in the video-sharing website Youku Tudou. Photo: Martin Chan

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