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

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

Bien Perez
Sophie Yu and Bien Perez

Updated: 1:15am, 29 Apr, 2014

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