Alibaba plans $1.5b entertainment investment fund
Chinese e-commerce giant Alibaba Group plans to step up its investments in digital media and entertainment businesses with the launch of RMB10 billion ($1.48 billion) investment fund.
Several media reports relating to the fund were linked to from Alibaba's corporate news website Alizila. Further details on the fund were not disclosed. It follows the creation of a new digital media...
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