Alibaba Writes Down $1.2 Billion on Youku, Loss-Making Streamer, as Group Profits Plunge
Chinese e-commerce and entertainment giant Alibaba has taken a $ 1.2 billion goodwill impairment charge against its video-streaming operation Youku.
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Chinese e-commerce and entertainment giant Alibaba has taken a $ 1.2 billion goodwill impairment charge against its video-streaming operation Youku.
Read MoreAlibaba, the Chinese e-commerce, technology and entertainment giant, said Tuesday that Joseph C. Tsai will succeed Daniel Zhang as chairman
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