Alibaba Offers to Buy Chinese Online Video Service Youku Tudou for $3.6 Billion

Youku Tudou, a cross between YouTube and Netflix, draws more than 500 million people each month to the movies and TV shows it licenses and produces, in addition to user-generated videos.

Source: Alibaba Offers to Buy Chinese Online Video Service Youku Tudou for $3.6 Billion – The New York Times