---- Leute besuchen Sie den Stand von Tudou.com während des 10. China Digital Entertainment Expo & Conference, auch als ChinaJoy 2012 bekannt, an der Shangha
--File--People visit the stand of Tudou.com during the 10th China Digital Entertainment Expo & Conference, also known as ChinaJoy 2012, at the Shanghai New International Center in Shanghai, China, 26 July 2012. Youku Inc., Chinas biggest online video company, won approval from shareholders to acquire competitor Tudou Holdings Ltd., a deal that will extend its lead over websites run by Baidu Inc. and Tencent Holdings Ltd. Shareholders passed all resolutions at Youkus shareholders ballot related to the all-stock transaction with Tudou, Ryan Cheung, corporate finance director at Youku, said at the meeting in Hong Kong. He declined to elaborate on the results. The combination of Chinas two biggest online video companies will help reduce content licensing and network costs, and generate savings of as much as $60 million annually, Youku said in March. Tencent, Chinas biggest Internet company, and local search-engine market leader Baidu are upgrading their video sites to add users and boost advertising sales. Shareholders at Tudou approved the combination with Youku in a separate meeting, Shanghai-based Tudou said in a statement.
