Monday, April 28, 2014

Alibaba, Jack Ma Fund to Buy Youku Tudou Stake

Chinese e-commerce giant Alibaba Group Holding Ltd. and a fund set up by its founder Jack Ma said they are spending $1.22 billion to buy an 18.5% stake in China's version of YouTube.



from WSJ.com: US Business http://ift.tt/QV3e7i

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