Youku Tudou $3.7 purchase
Alibaba Buys 'China's YouTube' Youku Tudou for $3.7 Billion
| Benjie Batanes | | Nov 07, 2015 06:36 AM EST |
China's e-commerce giant Alibaba announced on Friday that it has virtually gobbled up China's version of YouTube - Youku Tudou - after paying around $3.7 billion in cash for the remaining shares in the company.
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