Alibaba Conducts Strategic Review of Youku and Tudou Amidst Rivalry with Baidu and Tencent
Alibaba Group Holding Limited (NYSE: BABA) weighed options for its video entertainment assets. The company is conducting a strategic review of video streaming platforms Youku and Tudou, Bloomberg cites familiar sources. It also evaluates options to inject the assets into Alibaba Pictures Group Ltd and bolster its scope. Alibaba eyes a family of standalone leaders in businesses from e-commerce and media to cloud and logistics. Also Read: Alibaba's Jack Ma Visits Pakistan After Nepal, Sparks Specu