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04-28-2014, 07:00 PM
Alibaba Finds A**ther Place for Its Cash — China's Version of YouTube
http://rack.1.mshcdn.com/media/ZgkyMDE0LzA0LzI4L2ZmL2FsaWJhYmEuNmFiZTEuanBnCnAJdG h1bWIJNTc1eDMyMyMKZQlqcGc/6fc5ff43/5db/alibaba.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Alibaba+Finds+A**ther+Place+for+Its+Cash+%E2% 80%94+China%27s+Version+of+YouTube&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F28%2Fa libaba-invests-china-youttube%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F28%2Falibaba-invests-china-youttube%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Chinese ecommerce retailer Alibaba is entering the online video space with an investment in Youku Tudou, the Chinese equivalent of YouTube.
The $1.2 billion stake comes from Alibaba Group Holding Limited and Yunfeng Capital, a private equity group founded by Alibaba executive chairman Jack Ma.The deal provides the groups with a 16% and 2% stake in the video site, respectively. Jonathan Lu, CEO of Alibaba, will take a seat on Youku Tudou's board of directors.
See also: 20 Funniest YouTube Videos According to Reddit (http://mashable.com/2012/07/12/funny-youtube-videos-reddit/?utm_medium=feed&utm_source=rss)
Alibaba has been working to diversify its business, investing in a variety of companies and industries. The position in Youku Tudou is a**ther in a line of strategic moves aimed at Tencent, Alibaba's most powerful competitor. Together the companies dominate many aspects of China's 618 million Internet users (http://www.bbc.com/news/business-26540666). Read more... (http://mashable.com/2014/04/28/alibaba-invests-china-youttube/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about China (http://mashable.com/category/china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Tencent (http://mashable.com/category/tencent/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Alibaba (http://mashable.com/category/alibaba/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Media (http://mashable.com/media/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/s66m-dy4_j0
http://rack.1.mshcdn.com/media/ZgkyMDE0LzA0LzI4L2ZmL2FsaWJhYmEuNmFiZTEuanBnCnAJdG h1bWIJNTc1eDMyMyMKZQlqcGc/6fc5ff43/5db/alibaba.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Alibaba+Finds+A**ther+Place+for+Its+Cash+%E2% 80%94+China%27s+Version+of+YouTube&src=http%3A%2F%2Fmashable.com%2F2014%2F04%2F28%2Fa libaba-invests-china-youttube%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F04 %2F28%2Falibaba-invests-china-youttube%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Chinese ecommerce retailer Alibaba is entering the online video space with an investment in Youku Tudou, the Chinese equivalent of YouTube.
The $1.2 billion stake comes from Alibaba Group Holding Limited and Yunfeng Capital, a private equity group founded by Alibaba executive chairman Jack Ma.The deal provides the groups with a 16% and 2% stake in the video site, respectively. Jonathan Lu, CEO of Alibaba, will take a seat on Youku Tudou's board of directors.
See also: 20 Funniest YouTube Videos According to Reddit (http://mashable.com/2012/07/12/funny-youtube-videos-reddit/?utm_medium=feed&utm_source=rss)
Alibaba has been working to diversify its business, investing in a variety of companies and industries. The position in Youku Tudou is a**ther in a line of strategic moves aimed at Tencent, Alibaba's most powerful competitor. Together the companies dominate many aspects of China's 618 million Internet users (http://www.bbc.com/news/business-26540666). Read more... (http://mashable.com/2014/04/28/alibaba-invests-china-youttube/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about China (http://mashable.com/category/china/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Tencent (http://mashable.com/category/tencent/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Alibaba (http://mashable.com/category/alibaba/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Media (http://mashable.com/media/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/s66m-dy4_j0