Alibaba bought the video-services Youku-Tudou, a mash of Youtube and Netflix, but at least ten times bigger, tells business analyst Shaun Rein in Bloomberg. It is a sign competition between internet giants in China is heating up, and Alibaba first want to strengthen its position there, before taking the rest of the world serious, Rein says.
Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers request form.
Are you looking for more stories by Shaun Rein? Check out this list.