Alibaba buys stake in online video firm Youku Tudou
Beijing - XINHUA
China's Alibaba Group has stepped up its investment in cultural and digital entertainment industries with a strategic deal with leading online video source Youku Tudou. The deal announced on Monday, means Alibaba and private equity firm Yunfeng Capital will buy an 18.5 percent stake in Youku Tudou for 1.22 billion U.S. dollars. Alibaba holds 16.5 percent while Yunfeng Capital two percent. Alibaba's founder and chairman Jack Ma is a co-founder of Yunfeng Capital. The cooperation will support Youku Tudou's innovation in the new emerging space and accelerate Alibaba's digital entertainment and video content strategy, said Ma. It will also extend the Alibaba ecosystem and bring new products and services to Alibaba's customers, he said. The deal will help Youku Tudou build a cultural entertainment platform that integrates online and offline entertainment," said Victor Koo, chairman and CEO of Youku Tudou. Jonathan Lu Zhaoxi, CEO of Alibaba, will join Youku Tudou's board of directors. Alibaba is planning its IPO in the United States.
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Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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