According to the news, Sohu video, Tencent video and iQiyi(subsidiary of Baidu) will cooperate with buying video contents to against the allied forces of Youku and Tudou.
We have to wait its detail for tomorrow's co-event, but its co-event will be held on 3 pm(UTC+8) tomorrow, and all of three company's CEO will attend this event.
As I reported before, Youku and Tudou are top 2 in recent Chinese video sharing market, and they occupied around 40% share in this market.
We have to pay attentions for tomorrow's official announcement, and have to analyze these 3 company can beat the allied forces of Youku and Tudou :-)
Original article => Tech Web