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February 15, 2016 06:52 am GMT
China’s online video wars are heating up again. Last year, Alibaba snapped up Youku Tudou, the country’s largest YouTube-like video portal, in a major $3.5 billion deal, and now there’s more happenings in the space after Baidu received an offer to sell its majority share in close rival Qiyi. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gywbRXwt-oc/
Baidu-Owned Qiyi Could Go Private In Deal Valuing Chinese Video Site At $2.8B
China’s online video wars are heating up again. Last year, Alibaba snapped up Youku Tudou, the country’s largest YouTube-like video portal, in a major $3.5 billion deal, and now there’s more happenings in the space after Baidu received an offer to sell its majority share in close rival Qiyi. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/gywbRXwt-oc/
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