Hangzhou, China and Santa Monica, California – Lionsgate, and Alibaba Group ("Alibaba"), an online and mobile commerce company, have joined forces to launch Lionsgate Entertainment World (LGEW), a subscription streaming service for mainland China that will be available exclusively through Alibaba's latest generation of set-top box, the two companies announced on July 14. The Lionsgate Entertainment World (LGEW) service will provide users of the Alibaba platform with instant … [Read more...] about Lionsgate and Alibaba Group launch subscription streaming service in China
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BBC Worldwide announces international pre-sales for David Beckham documentary
A 1 x 90’ documentary special following global superstar David Beckham on an unforgettable journey through the Amazon rainforest has been pre-sold to 14 countries around the world by BBC Worldwide ahead of its BBC One transmission on June 9. BBC Worldwide announced on June 8 that it has pre-sold David Beckham Into The Unknown to the following countries: Australia (ABC); Brazil (TV Globo); France (France Televisions); China (Alibaba); Hong Kong (TVB); USA (SHOWTIME®); Norway … [Read more...] about BBC Worldwide announces international pre-sales for David Beckham documentary
Alibaba embarks on U.S. IPO journey
Reuters – Alibaba Holdings Inc gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an IPO prospectus filed May 6 in the first step of what could become the largest technology debut in history. Alibaba, which powers four-fifths of all online commerce conducted in the world's second-largest economy, is expected to raise upward of $15 billion and potentially surpass the $16 billion that Facebook Inc managed in 2012. It will become the … [Read more...] about Alibaba embarks on U.S. IPO journey
Baidu’s iQiyi plans IPO within three years
Bloomberg News reports that Baidu Inc. (BIDU)’s iQiyi video website plans to hold an initial public offering within three years as it competes with Youku Tudou Inc. (YOKU) for China’s 618 million Internet users seeking movies and TV shows online. The Beijing-based site, which offers Mad Men and the South Korean drama My Love From the Star, is aiming for a valuation that surpasses Youku Tudou’s, Chief Executive Officer Gong Yu said in an interview in Beijing … [Read more...] about Baidu’s iQiyi plans IPO within three years
Alibaba to invest US$1.22 billion in Youku Tudou
Beijing – Youku Tudou Inc., China's Internet television company (“Youku Tudou” or the “Company”), announced on April 28 that it has entered into definitive agreements with a joint investment vehicle of Alibaba Group Holding Limited (“Alibaba”) and Yunfeng Capital, pursuant to which Alibaba and Yunfeng Capital, through the joint investment vehicle, will invest an aggregate of approximately US$1.22 billion to purchase a number of Class A ordinary shares … [Read more...] about Alibaba to invest US$1.22 billion in Youku Tudou
Alibaba buys ChinaVision controlling stake for $804 million
(Reuters) – 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 sent ChinaVision's stock surging, comes amid a flurry of deals as Alibaba, social media giant Tencent Holdings Ltd and search engine Baidu Inc seek to expand into each other's turf. This week … [Read more...] about Alibaba buys ChinaVision controlling stake for $804 million
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