Tag Archives: yoku

Alibaba Bid For Youku Threatens Netflix China Efforts

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

Alibaba To Take Big Stake in Web Video Company Youku

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

Baidu Fined For Video Copyright Infringement In China

China search leader Baidu (BIDU), as well as video website Qvod Technology, were fined Monday for copyright infringement, with authorities saying the two companies’ media player software provided access to pirated videos. The companies were each fined about $41,240 by the National Copyright Administration of China, according to a representative of China online video company Youku Tudou (YOKU). Youku this year brought copyright infringement