Why Alibaba bought Youku-Tudou – Shaun Rein
Alibaba bought the video-services Youku-Tudou, a mash of Youtube and Netflix, but at least ten times bigger, tells business analyst Shaun Rein in Bloomberg. It is a sign competition between internet giants in China is heating up, and Alibaba first want to strengthen its position there, before taking the rest of the world serious, Rein says.Read More →