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The Firm is representing Alibaba Group Holding Limited, China’s largest e-commerce company, in connection with its US$1.22 billion investment, together with Yunfeng Capital, in Youku Tudou Inc. (NYSE: YOKU), China's leading Internet television company. 

Alibaba and Yunfeng Capital, through a joint investment vehicle, will invest an aggregate of approximately US$1.22 billion to purchase a number of newly issued Class A ordinary shares from the Company, which is estimated to be 707,250,870 Class A ordinary shares, and 13,869,990 existing Class A ordinary shares from a shareholder of the Company, at a purchase price per share corresponding to US$30.50 per American Depositary Share of Youku Tudou, with each American Depositary Share representing 18 Class A ordinary shares of Youku Tudou.  Alibaba and Yunfeng Capital will hold approximately 16.5% and 2%, respectively, of the total issued and outstanding shares of Youku Tudou on a fully diluted basis, after taking into account the shares to be issued in the transaction. 

The Simpson Thacher team working on this deal includes Katie Sudol, Wei Li and Matthew Schwartz (M&A), and Jason Vollbracht (Tax).