Alibaba exploring options for video platforms Youku, Tudou -Bloomberg News

Damai Entertainment Holdings

04/07/2023 08:43

July 4 (Reuters) - Alibaba Group Holding  9988.HK  is
exploring options for its video streaming platforms Youku and
Tudou, Bloomberg News reported on Tuesday, citing people
familiar with the matter.
    One of the options under consideration is to inject the
assets into Alibaba Pictures Group Ltd  1060.HK  and bolster the
scope of the Hong Kong-listed company, Bloomberg reported.

 (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Savio
D'Souza)
 ((Jahnavi.Nidumolu@thomsonreuters.com;))