Alibaba, Partner Invest $1.2B In China Video Site - Presented by: The Aol. On Network

E-commerce giant Alibaba Group its expanding its online entertainment presence by investing $1.2 billion with a partner in video website Youku Tudou. Youku Tudou Incorporated said Monday the investment will give Alibaba a 16.5 percent stake in the company and its partner Yunfeng Capital will get 2 percent. China's major Internet companies have made a multibillion-dollar flurry of investments in recent months in entertainment, consumer finance and other services.

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