Monday, February 27th.
Youku Tudou jointly announced that on February 24th, the two parties signed a definitive agreement to merge through a 100% stock-for-stock transaction. Tudou.com would be delisted, and Youku would leapfrog to become the leader among video streaming websites.
Sohu Video ranked second in the industry with a 13.3% market share.
iQiyi, LeTV Network, and Penguin Video occupied the third, fourth, and fifth positions, respectively.
This was a far cry from the market landscape over a decade later. Youku, which was at its zenith now, would be relegated to the bottom of the industry by 2026, with its monthly active user data even falling short of Mango TV.
Chen Yansen glanced at the news with a faint smile on his lips. He had no particular interest in long-form video websites.
Just then, the phone on his desk suddenly rang.
