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Xiaomi inks partnership, investment deal with Youku Tudou

2014-11-12 14:00:00| Telecompaper Headlines

(Telecompaper) Chinese internet television company Youku Tudou has announced a strategic partnership with Xiaomi. The two companies will jointly develop content and technology, including multi-screen online video services. Xiaomi will also buy an unspecified number of Youku Tudou shares and license content from the company. The two companies will jointly invest in the production and distribution of online video content and movies. Youku Tudou said that its monthly active user base has passed 500 million, with its daily video views going beyond the 800 million mark.

Tags: deal investment partnership inks

Category:Telecommunications

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