Scalper1 News
Alibaba is leading a $1.22 billion investment in Chinese Web-video company Youku Tudou (YOKU) that will give China’s e-commerce leader and an equity partner an 18.5% stake. Alibaba and Yunfeng Capital, a private equity firm founded in 2010 by Alibaba Chairman Jack Ma, will pay the equivalent of $30.50 per U.S.-traded share for about 707 million newly issued Youku shares, according to a Youku press release. Alibaba’s stake will be 16.5% and Scalper1 News
Scalper1 News