Youku Holdings announced that on November 14, 2025, the company signed an equity transfer agreement with the entity shareholders operating the ChillShorts short drama platform. Based on this, the company agreed to the acquisition, and the seller agreed to sell 100% of the target entity's shares. ChillShorts focuses on real-time viewing and subscription services for high-quality skits. ChillShorts and its partners have extensive skit resources, covering diverse types of high-quality content, and innovatively introduced an “interactive chat with characters in the drama” function. The average number of daily active users of ChillShorts has exceeded 100,000, and its core users cover a wide range of mainstream markets such as Japan, South Korea, the United States and Southeast Asia.

Youku Holdings announced that on November 14, 2025, the company signed an equity transfer agreement with the entity shareholders operating the ChillShorts short drama platform. Based on this, the company agreed to the acquisition, and the seller agreed to sell 100% of the target entity's shares. ChillShorts focuses on real-time viewing and subscription services for high-quality skits. ChillShorts and its partners have extensive skit resources, covering diverse types of high-quality content, and innovatively introduced an “interactive chat with characters in the drama” function. The average number of daily active users of ChillShorts has exceeded 100,000, and its core users cover a wide range of mainstream markets such as Japan, South Korea, the United States and Southeast Asia.