Alibaba leads $1.2bn round for Youku Tudou

Apr 28, 2014 • Robert Lavine

Alibaba has partnered with Yunfeng Capital for a $1.22bn investment in video streaming service Youku Tudou in a deal that will enhance Alibaba's internet offerings.

China-based e-commerce company Alibaba Group and private equity firm Yunfeng Capital have together invested $1.22bn in internet video company Youku Tudou.

Alibaba will take a 16.5% stake in the company, with Yunfeng acquiring a 2% share, and Alibaba CEO Jonathan Lu will join Youku Tudou’s board of directors in conjunction with the funding.

“We are very pleased to have Alibaba as our strategic investor,” said Victor Koo, Chairman and CEO of Youku Tudou. “Alibaba’s investment will strengthen Youku Tudou as…

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