Scalper1 News
In a big expansion of its push into video streaming and Hollywood entertainment, Alibaba (BABA) made an offer to acquire the Chinese equivalent of YouTube, Youku Tudo (YOKU), in an all-cash deal valued at $3.6 billion. It’s the latest of many investments that Chinese e-commerce giant Alibaba has made with digital entertainment companies, in competition with other China Internet giants that include Tencent Holdings (TCEHY). Two months ago, Tencent Scalper1 News
Scalper1 News