Alibaba Doubles Down on Entertainment With $1.5 Billion Fund – Bloomberg

BloombergAlibaba 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 …ReutersAlibaba Launching $1.5B Investment Fund; […]

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