VIEW EVENT INFORMATION: Alibaba
Alibaba Pays $804M To Take Majority Stake In TV And Movie Producer ChinaVision
MAR
11
Status: Available Now!
Type: News
Date: Tuesday 11 March 2014, 07:47 AM
Media: Techcrunch

SOURCE
About the organization Alibaba:
Type: Business
Sub-Types: Website, Advertising Agent, Retailing Agent, Computer Software, Search Engine, E-Commerce
Notable Organizations: Alibaba, Techcrunch
Alibaba has agreed to spend HKD $6.24 billion (about USD $804 million) for a 60% stake in TV and film producer ChinaVision Media Group. The purchase will allow Alibaba, which already dominates China’s e-commerce market, to boost its digital entertainment strategy.
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