Alibaba Leads $1.22 Billion Stake in Video Site Youku Tudou

Alibaba Headquarters | Source: Reuters

BEIJING, China — Alibaba Group Holding Ltd. and founder Jack Ma’s Yunfeng Capital agreed to buy a $1.22 billion stake in video website Youku Tudou Inc. as China’s biggest e- commerce operator prepares for a U.S. initial public offering.

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