The Digital Source For China's Tech Innovation Since 2000

China's Youku.com Acquires Trade Lead For CNY112.9 Million

April 19, 2012
Editorial Staff

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.

Meanwhile, Youku.com gained the holding rights to Zhejiang Dongyang Tianshi Cultural Broadcasting Company via the transaction.

Youku.com previously owned a 5% stake in Trade Lead and the transaction will make Trade Lead a fully-owned subsidiary of Youku.com. Prior to this acquisition, the major shareholder of Trade Lead was Chengwei Capital, which is also a shareholder of Youku.com.

Youku.com invested CNY112.9 million in this acquisition, including CNY78.9 million in cash and 6,202,179 ordinary shares.

Public files showed that Zhejiang Dongyang Tianshi was registered in 2009 with registered capital of CNY500,000. Founded by Shi Zhong, the company is mainly engaged in advertising agency services, movie and TV programs production, and cultural information consulting services.

Related Topics: acquisition | Chengwei Ventures | Internet video | online video | Youku

Other News:

TikTok CEO Says Employees in China Will Have Access to Only ‘Narrow, Non-Sensitive’ U.S. User Data – Entertainment – Anygator.com

July 2, 2022
anygator.com anygator.com

Yang Weidong Earns President Role At China's Biggest Video Producer

May 25, 2016

Montana becomes first US state to ban TikTok completely

May 18, 2023
devdiscourse.com devdiscourse.com

SMIC continues to expand its production and pushes the status of the third brother of UMC’s foundry | Anue Juheng-Taiwan Stock News

December 29, 2021
archyde.com archyde.com

Watch: Doraemon theme sung in nine global languages goes viral on the internet

September 29, 2023
timesofindia.indiatimes.com timesofindia.indiatimes.com

Ubisoft Cancels More Games And Delays Skull Bones Yet Again As Sales Slump

January 13, 2023
hothardware.com hothardware.com

China's 360 To Explore Mobile Phone Security Industry

January 22, 2010

Xiao Xue (spreek uit ’Sausje’) verruilde Shanghai voor Broek op Langedijk en heeft 1,6 miljoen volgers op TikTok. ’En nu ben ik TikTok-ster’

March 5, 2022
noordhollandsdagblad.nl noordhollandsdagblad.nl

Telefonica Agrees To Sell O2 To Hutchison Whampoa

April 7, 2015
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.