Alibaba, Yunfeng invest in Youku Tudou

Chinese internet giant Alibaba has made another major media acquisition by purchasing a $1.22bn stake in online video giant Youku Tudou. Alibaba and associate Yunfeng Capital will acquire a combination of existing shares and newly issue equity in Youku Tudou, which is listed on the New York stock exchange. Following the deal, Alibaba will hold a 16.5% stake in Youku

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