Daily Archives: April 28, 2014

Alibaba is taking a minority stake in China’s largest online video site, Youko Tudou, as it prepares for its own blockbuster initial public offering in the US.

Youko Tudou said on Monday that the Chinese e-commerce group, together with its founder Jack Ma’s Yunfeng Capital, would jointly invest $1.2bn in the video site.

Alibaba will hold 16.5 per cent stake in Youku after the deal, with Yunfeng holding 2 per cent. Read more