‘Yahoo’s Answer to Google’s YouTube?’ – ‘Website Magazine’ Article
The latest article on ‘Website Magazine’ is titled “Yahoo’s Answer to Google’s YouTube?”.
Derek S. says, “If imitation is the sincerest form of flattery, consider YouTube flattered.
In a joint move, Alibaba, a Chinese e-commerce company, and Yunfeng Capital, a Chinese private equity firm, purchased a $1.22 billion stake in Youku Tudou, a Chinese online video provider similar to Google-owned YouTube.
This move comes at an important time for Alibaba, as it is preparing to file for an Initial Public Offering (IPO) on the New York Stock Exchange. Alibaba, which is said to be worth around $150 billion, could raise as much as $15 billion on its U.S. IPO”.
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