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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Youku unveils smart TV, OTT partners

Chinese video streaming platform Youku Tudou has signed strategic partnerships with a slew of local smart TV and OTT manufacturers, eight of which involve exclusive integration of the pre-installed Youku Tudou app. The partnerships include four OTT companies: Huawei Technologies, which is projected to distribute 1.5 million set-top boxes this year; ZTE9 Network Technology’s Fun Box, described as China’s first

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