(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
ChinaVision
ChinaVision Media posts strong turnover for 1H2012
Hong Kong – ChinaVision Media Group Limited (ChinaVision) has announced its interim results for the six-month period ending June 30, 2012. Turnover amounted to HK$523,163,000 in the first half of 2012, mainly attributable to promising income and profit contribution from the television drama business and satisfactory growth in mobile TV business. In comparison, turnover for the same period in 2011 was HK$97,012,000. Another factor for the growth is the greater synergy among all … [Read more...] about ChinaVision Media posts strong turnover for 1H2012
