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

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

TOP PICKS

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