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Gu Yongqiang, CEO of Youku Tudou Inc, is pictured during the Second World Internet Conference in Wuzhen, East China's Zhejiang province on Dec 17, 2015. [Photo/IC] |
Gu Yongqiang, CEO of Youku Tudou Inc
The merger and acquisition will become a normal thing in the Internet industry for both China and the US, the two major Internet powers. It is the other way for startups to grow other than going to the market.
The case of Alibaba acquiring online video giant Youku Tudou Inc is the first-of-its-kind merger of an online content platform and an online shopping platform. Internet convergence is developing in a healthy way and is becoming a trend.
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