Youku Tudou eyes domestic listing

Alibaba subsidiary faces tough challenges in a crowded online video marketplace

Chinese online video service provider Youku Tudou Inc is eyeing a domestic stock listing within three years to boost its competitiveness in the country's cash-burning video sector.

The announcement came as e-commerce giant Alibaba Group Holding Ltd said on Wednesday it has completed the buyout of Youku Tudou, making the Beijing-based video company one of its wholly owned subsidiaries.