Alibaba buys Youtube of China

Chinese e-commerce gaint Alibaba that owns China's largest online marketplace Taobao.com and provides various B2B,C2C & B2C services has acquired Youku Tudao Inc. Youku is generally known as the Youtube of China.

Alibaba has agreed to pay Youku shareholders $27.6 per American Depository Share (ADS) in cash. Alibaba over the last year has made strategic investments in the company and currently owns approximately 18% of Youku Tudou's shares. The transaction to acquire Youku will cost the giant $3.5 billion net of its existing ownership stake.

Recently Alibaba made significant forays in professional content business with the recent acquisition of Alibaba Pictures and launch of Tmall Box Office (TBO). Both the companies share some of the technology. Buying the Youtube of China 'Youku' is in line with its future statergy.

Below are some other recent investments Alibaba did.

1. Guangzhou Evergrande Football Club, Investment: $192 million, Share: 50 percent
2. Tango Investment: $215 million Share: unknown
3. Singapore Post Ltd Investment: $249 million Share: 10.35 percent
4. Hundsun Technologies Inc Investment: $531.78 million Share: 20.6 percent
5. Intime Retail (Group) Co Ltd Investment: $692.2 million Share: 9.9 percent
6. China Vision Media Group Ltd Investment: $804 million Share: 59.32 percent
7. Wasu Media Holding Co Investment: $1.06 billion Share: 20 percent
8. AutoNavi Holdings Ltd Investment: $1.58 billion Share: 100 percent
9. UCWeb Inc Investment: Unknown Share: 100 percent.