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Alibaba buys ChinaVision stake for $804 million; gains TV, movie content
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.

Source: Reuters
13 2014 | View: 421 | Foreign experience | Printint version
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