Bloomberg |
Alibaba Doubles Down on Entertainment With $1.5 Billion Fund
Bloomberg Alibaba Group Holding Ltd. is stepping up investments in the entertainment industry with the formation of a new media group along with a fund of more than 10 billion yuan ($1.48 billion) for new projects. The change consolidates the Chinese e-commerce ... Alibaba boosts entertainment business with 10 billion yuan fund Alibaba Launching $1.5B Investment Fund; Consolidates Media & Entertainment Assets Alibaba Consolidates Media and Entertainment Businesses |
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