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Alibaba buys ChinaVision stake for $804M; gains TV, movie content

Wednesday, March 12, 2014 | More »

alibaba
China’s largest e-commerce company Alibaba Group Holding has agreed to buy a controlling stake in ChinaVision Media Group Ltd for $804 million, giving it access to TV and movie content as competition in the world’s biggest Internet market becomes increasingly cutthroat. The pact, which s...