May 30, 2017

Sina Buys Tudou Online Video Service

Sina, owner of popular Chinese Micro Blogging Service Weibo announced it has paid $64 million US for more shares in Shanghai-based Tudou, Online Video Service. Sina which acquired 1.075 million shares in theĀ  IPO last month for $31.2 million, as reported in a filing with the Securities and Exchange Commission, has spent another $35.2 million […]