E-commerce giant Alibaba Group Holding Ltd said on Friday that it was planning to acquire all the remaining shares that it does not own in Youku Tudou Inc for cash. The company made a non-binding proposal to acquire the shares in Youku Tudou, a major online streaming video site for $26.60 per American depositary shares in an all-cash transaction. Shares in Youku Tudou closed on Thursday at $20.43. (CNS photo/Zhangyun)
