Go to Insights page Insights
Go to Intelligence page Intelligence
Go to Investing page Investing
Go to Innovations page Innovations
Go to Two Takes page Two Takes
Go to Two Takes page
Go to Insights page Insights
Go to Intelligence page Intelligence
Go to Investing page Investing
Go to Innovations page Innovations
Two Takes View TECHi Stance

Alibaba buys $804 million stake in ChinaVision

TECHi's Author Louie Baur
Opposing Author Reuters Read Source Article
Last Updated
Reuters
Reuters View all Reuters Two Takes by TECHi Read the original story Published March 12, 2014
TECHi's Take
Louie Baur
Louie Baur
  • Words 81
  • Estimated Read 1 min

Alibaba has agreed to pay $804 million for a majority stake in ChinaVision Media Group, a Hong Kong firm specializing in TV and film production. This could very possibly mean that Alibaba may soon be taking steps to produce content in collaboration with ChinaVision. After all, throughout last year, Chinese tech firms were already taking steps to make their mark within the online video space, seeking to capitalize on the opportunities as Chinese consumers effectively started taking their TVs to the subway.

Reuters

Reuters

  • Words 108
  • Estimated Read 1 min
Read Article

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 Tencent said it was taking a stake in China’s No. 2 online retailer JD.com, with the new partnership gunning for Alibaba’s Achilles heel – its weakness in mobile.

Source

NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.

Balanced Perspective

TECHi weighs both sides before reaching a conclusion.

TECHi’s editorial take above outlines the reasoning that supports this position.

More Two Takes from Reuters

Pentagon to Add Alibaba Baidu BYD to China Military List Impact on Business and Markets
Pentagon to Add Alibaba Baidu BYD to China Military List Impact on Business and Markets
Dr Layloma
Dr Layloma

The Pentagon plans to add Alibaba, Baidu, and BYD to its list of Chinese companies linked to the military.  This…

Nvidia Fights Back Against Critics on $4.5 Trillion Valuation
Nvidia Fights Back Against Critics on $4.5 Trillion Valuation
Fatimah Misbah
Fatimah Misbah

Nvidia is pushing hard against doubters like Michael Burry, the Big Short star, who question its sky-high value.  The company…

FAA Probes Amazon After Prime Air Drone Cuts Internet Cable in Texas
FAA Probes Amazon After Prime Air Drone Cuts Internet Cable in Texas
Dr Layloma
Dr Layloma

Amazon is currently under investigation by the U.S. Federal Aviation Administration (FAA) following an incident where one of its delivery…

Starlink’s Direct-to-cell Service Launches in Ukraine in European First
Starlink’s Direct-to-cell Service Launches in Ukraine in European First
Dr Layloma
Dr Layloma

The launch of Starlink’s direct-to-cell service in Ukraine indicates a moment when technology goes beyond mere convenience, it becomes a…