2014-03-26
Tencent To Acquire 20% Stake In Online Video Site Youku Tudou
Shenzhen-based Internet company Tencent Holdings Ltd. has reached an investment agreement with Beijing-based Internet video company Youku Tudou Inc. to acquire around 20% interest in the company for at least $300 million, according to Chinese media reports. Tencent's affiliated video service v.QQ.com will merge with Youku Tudou after the deal. NASDAQ-listed Youku Tudou is home […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.