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
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.