Youku

Youku Tudou Inc. (formerly Youku Inc.), doing business as Youku (Chinese: 优酷; lit. 'excellent (and) cool'), is subscription video on-demand over-the-top streaming television service and former video sharing website based in Beijing, China. It operates as a subsidiary of Alibaba Group Holding Limited. Youku has its headquarters in the Sinosteel Plaza in Haidian District, Beijing. On 12 March 2012, Youku reached an agreement to merge with Tudou in a stock-for-stock transaction, the new entity being named Youku Tudou Inc. In 2014, it had more than 500 million monthly active users, with 800 million daily video views. Youku is one of China's top online video and streaming service platforms, along with iQiyi, Sohu, LeTV, Tencent Video, PPTV, 56.com and Funshion. However, Youku's domination in the Chinese market was toppled by its competitor Baidu's iQiyi in 2015.