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March 12, 2014 06:47 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hDsOJxeJxBk/
Alibaba Pays $804M To Take Majority Stake In TV And Movie Producer ChinaVision
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. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/hDsOJxeJxBk/
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