Scalper1 News
China e-commerce giant Alibaba Group (BABA) — already prepping for a nearly $4 billion purchase of “China’s YouTube” Youku Tudou (YOKU) — will see a changing of the China video landscape after Qihoo 360 Technology (QIHU) terminates its partnership with Chinese production company Beijing Enlight Media, according to media reports Tuesday. Beijing Enlight Media will purchase Qihoo’s 45% stake for RMB 53 million ($8.3 million), Selerity Global Insight Scalper1 News
Scalper1 News