website statistics

What new Apple device you are getting?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)

Youku Inc. is China’s leading video site. It is rivaled by a rather smaller video site, Tudou. It has now been learned that the two giants have reached an agreement so that both will merge to give birth to what is being cited as ‘one of the largest internet properties in China.’ Given the fact that the two companies have been rivals in the past, been accused by one another of copyrights infringement, it comes as a surprise that the two have decided to merge.

The merger may be owed to the fact that the two companies have been struggling to get adequate profits out of China’s online market. The new company, an outcome of the merger, has been named Youku Tudou Inc. A merge of this nature can pose a serious threat to other contestants in the online advertising arena of China. These contestants include the likes of Baidu Inc. and Tencent Holdings Ltd.

According to founder and chief executive of Youku, “Youku Tudou Inc. would establish a clear and dominant leadership position in China’s online video sector and become one of the largest Internet properties in China. This transaction would also lead to improvement in the industry structure and the underlying economics of the online video sector in China.”

As per the agreement that has been reached, shareholders of Tudou would trade their shares for Youku’s. Earlier, both have been New York-listen companies and now, after this merger, Youku will continue to be listed under the New York Stock Exchange.

Buy Cheapest Related Product From

[Tutorial] How To Encrypt iPhone Backups

iAlmanack+ – Premium Universal Almanac App For iOS[FREE]
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On March 13, 2012(3 years, 7 months ago.)

You May Also Like:

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  

What Do You Think?

Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.

Recent Search

Recent Tutorials

Now you can set custom ringtones to individual skype contacts on android. It's easy to setup. Take a look.
Now you can install Microsoft's Cortana on Android devices. It's pretty easy to install. Follow the steps below, check the screenshot.
Want to install Android lollipop 5.0.2 on pc? This post is for you. It's pretty easy to install and run. Just take a look.
With our partnership with Mode Media, we just got a jump start. Here is our first story of hand picked curated content on Android Tutorials.
Want to change theme on android ? We will show you how to change theme on android. It will makes your phone looks like new and smart.
You can record your screen on android very easily. No root Required. All you have to need a pc and USB cable. Let's find out.
A simple tutorial on how-to block a phone number on Android device, without an external app. Its pretty easy and straight-forward. Take a look.
Here we will show how to take Screenshot on your Apple Watch.
For too many people, the realization that they need to back up their photos and videos only comes when they misplace or break their smartphones and lose everything. Here we a report on possible solution and best tools.
Not sure if you are aware that your Wi-Fi Router Or Modem could be hacked too. Here we found a quick tips, how to check if your Router or Modem is hacked.
Close You Have To Login
Login With »Login With TwitterLogin With Facebook