Home » Tag Archives: Chinavision

Tag Archives: Chinavision

Alibaba Makes Investment in Wasu

Alibaba Group reached an agreement with Zhejiang-based Wasu Group to further tap into the cultural and new media sector,  according to a statement made by Alibaba on  Weibo.  The two companies will cooperate in the development of original content, online gaming and music, as well as the cloud computing sector, Alibaba said. Wasu Media Holding Co, Wasu’s listed arm on ... Read More »

Alibaba Buys Majority Stake in ChinaVision

Alibaba has paid more than $800m for a majority stake in Hong Kong-listed ChinaVision Media Group. The ChinaVision deal will address what analysts say is Alibaba’s competitive disadvantage in video entertainment, where it lags behind both Baidu and Tencent. China’s online video scene is already the biggest in the world, with more than 400m viewers and hundreds of millions more ... Read More »