What Specially You're Expecting From Apple In This WWDC?

View Results

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

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 Amazon.com


[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(2 years, 4 months ago.)

Recent Products

Compare  
Buy Now | Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Want to repair your memory card? It's very easy to fix corrupted or damaged memory card. In fact you can fix it by yourself.
Are you the one who is frustrated because of the speed of your Android device? No worries, the article will help you increase the speed of that device.
Lately, Google has updated its Google Docs. Now users can crop, rotate, and add borders to images in a document without leaving Google Docs.
Adobe CS products are not free, but the good news is you can now download Photoshop CS2 & all other CS2 product completely free and it's absolutely legal.
At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
After releasing Look Back, many people didn't like it. So Facebook planned to add an Edit tool to the feature and now you can edit your Facebook Look Back video.
Do you want to record Skype calls but don't know how to do that? Then this guide is absolutely for you. Get inside the article for details.
Do you know that many companies can track you on Facebook? Do you want to know who they are? Do you want to block them?
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook