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China Internet video giants merge

China Internet video giants merge

By Tue, Mar 13, 2012 12:05PM UTC Comments Off China Internet video giants merge

Two of the leading online video companies in China are coming together in a stock-for-stock transaction that will capture over a third of China’s burgeoning online video advertising market. Youku (“excellent and cool” in Mandarin), the number one company in terms of market share (21.8%) is buying out its bitter rival Tudou (“potato” — a...

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