Mar 26, 2014
A source close to Chinese online video site operator Youku Tudou (NYSE: YOKU) has revealed that internet and mobile services firm Tencent (0700.HK) has reached a tentative agreement with Youku Tudou to purchase a 20% stake in the company for a consideration of at least USD 300 mln in cash and the injection of Tencent's online video business into Youku Tudou.
According to Shenzhen Kingdee Suishou Technology, the mobile finance software subsidiary of Chinese enterprise management software developer Kingdee International Software Group (0268.HK), cumulative users of the company's "Suishou Ji" personal finance manager app and "Kaniu Credit Card Manager" mobile credit card manager app have surpassed a combined 100 mln.
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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.
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