Alibaba buys stake in online video firm Youku Tudou
Beijing - XINHUA
China's Alibaba Group has stepped up its investment in cultural and digital entertainment industries with a strategic deal with leading online video source Youku Tudou. The deal announced on Monday, means Alibaba and private equity firm Yunfeng Capital will buy an 18.5 percent stake in Youku Tudou for 1.22 billion U.S. dollars. Alibaba holds 16.5 percent while Yunfeng Capital two percent. Alibaba's founder and chairman Jack Ma is a co-founder of Yunfeng Capital. The cooperation will support Youku Tudou's innovation in the new emerging space and accelerate Alibaba's digital entertainment and video content strategy, said Ma. It will also extend the Alibaba ecosystem and bring new products and services to Alibaba's customers, he said. The deal will help Youku Tudou build a cultural entertainment platform that integrates online and offline entertainment," said Victor Koo, chairman and CEO of Youku Tudou. Jonathan Lu Zhaoxi, CEO of Alibaba, will join Youku Tudou's board of directors. Alibaba is planning its IPO in the United States.
GMT 10:28 2018 Friday ,19 January
Amazon narrows list of 'HQ2' candidates to 20GMT 09:04 2018 Thursday ,18 January
China to step up cryptocurrency crackdownGMT 08:32 2018 Sunday ,14 January
Japan's new crypto-currency crooners sing the bitcoin beatsGMT 09:22 2018 Friday ,12 January
Top European chefs take electric pulse fishing off the menuGMT 20:15 2018 Tuesday ,09 January
ADGM and Bahrain EDB agree to collaborate on fintechGMT 13:45 2018 Tuesday ,09 January
Apple urged to shield kids from iPhone addictionGMT 00:14 2018 Monday ,08 January
John Young, who set records in space sub: with NASA, is dead at 87GMT 08:31 2017 Friday ,21 July
Samsung heiress ordered to pay $7.6 million
- Monday ,08 January GMT 00:14 2018 John Young, who set records in space sub: with NASA, is dead at 87
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 11:10 2018 Thursday ,30 August
Ariana Grande will perform at Aretha Franklin’s funeral
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 02:16 2017 Saturday ,07 October
Bespoke jewellery is the way to go
GMT 12:02 2017 Thursday ,07 December
Mayor London Sadiq Khan arrives in cityGMT 12:03 2011 Friday ,17 June
Broadcaster Gaunt loses appeal
GMT 10:58 2017 Wednesday ,15 February
Benfica sneak win as Aubameyang fluffs Dortmund's lines
GMT 23:30 2014 Sunday ,04 May
Birds protection activity launched in China\'s Qinghai
GMT 09:09 2016 Thursday ,17 November
More than 50 dead in heavy Yemen fightingGMT 08:39 2012 Saturday ,21 January
Biofuel breakthrough: kelp could power cars
GMT 04:15 2015 Sunday ,19 April
China to allow guide dogs on trains
GMT 06:31 2018 Friday ,05 January
Injured Andy Murray out of Australian Open
GMT 05:42 2017 Thursday ,16 November
Da Vinci painting sells for $450mn in NY
GMT 08:10 2015 Monday ,02 November
Manchester City seek statement win in Seville
GMT 15:54 2016 Saturday ,24 December
148 tourists visit Saint Catherine
GMT 04:57 2013 Friday ,20 December
Kids as young as 3 grasp multi-digit numbersGMT 08:54 2011 Thursday ,29 September
Anzhi Makhachkala fire coach GadzhievGMT 19:18 2012 Wednesday ,18 July
Smartphone network links lovers
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor