Tag Archives: yoku

Alibaba In, Qihoo 360 Out, Of Chinese Film Firm?

China e-commerce giant Alibaba Group (BABA) — already prepping for a nearly $4 billion purchase of “China’s YouTube” Youku Tudou (YOKU) — will see a changing of the China video landscape after Qihoo 360 Technology (QIHU) terminates its partnership with Chinese production company Beijing Enlight Media, according to media reports Tuesday. Beijing Enlight Media will purchase Qihoo’s 45% stake for RMB 53 million ($8.3 million), Selerity Global Insight

Alibaba Takes On Amazon With U.S. Grocery Buy: Report

China e-commerce giant Alibaba Group (BABA) — already in the process of buying “China’s YouTube” Youku Tudou (YOKU) for $4 billion — is also reportedly closing in on a major investment with New York-based grocery ordering smartphone app Boxed Wholesale, according to media reports. Alibaba could invest as much as $80 million in privately held Boxed, putting the Chinese conglomerate in competition with Amazon.com (AMZN) on the U.S. e-commerce

Alibaba To Acquire ‘China’s YouTube’

China e-commerce titan Alibaba Group (BABA) struck a sweetened deal to buy China video provider Youku Tudou (YOKU) — known as China’s YouTube — sending Youku Tudou stock higher on Friday and setting China’s video wars on high. Alibaba will pay $27.60 per American depositary share, a 35.1% premium over the closing price of Youku Tudou’s stock on Oct. 15, the day before it announced it had received the buyout proposal from Alibaba, and a 13% premium