Shearman & Sterling is representing Yunfeng Capital in its co-investment with Alibaba Group to acquire an 18.5% interest in Youku Tudou Inc. for a total purchase price of US$1.22 billion.

Yunfeng Capital is a private equity firm based in China set up by successful entrepreneurs, pioneers and industry leaders.

Youku Tudou Inc. is China's leading Internet television company. Its Youku and Tudou Internet television platforms enable users to search, view and share high-quality video content quickly and easily across multiple devices. Its Youku brand and Tudou brand are among the most recognized online video brands in China. Youku Tudou's American depositary shares, each representing 18 of Youku Tudou's Class A ordinary shares, are traded on the NYSE under the symbol “YOKU.”