Alibaba, along with Yunfeng Capital as an investment partner, has offered USD 1.22 billion, the equivalent of USD 30.50 per share, to Youku Tudou, which runs the Youku and Tudou video websites.
Alibaba Group operates an online marketplaces for both international and domestic China trade, as well as China’s most popular online payment system, Alipay.
In recent news, Alipay, an affiliate of Alibaba Group and an online payment service in China, has entered an agreement with Japanese ecommerce company Rakuten.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now