According to a 20-F form recently submitted to the U.S. Securities and Exchange commission by the Chinese video website Youku.com, the company has completed the acquisition of a 95% stake in the overseas copyright service provider Trade Lead for CNY112.9 million.
Months after reporting sliding revenues and losing valuable relationships, Chinese online game company The9 is trying to rejuvenate itself via a deal to invest in mobile startups.
Chinese search engine firm Baidu Inc. is launching a new company to provide advertising-supported online video services in China.
