Top 10 ways Alibaba is building an empire
Updated: 2014-06-30 07:11 By He Yini (chinadaily.com.cn)Top 5 ChinaVision Media Group Ltd
Investment: $804 million
Share: 59.32 percent
Date: March 11
Alibaba has invested HK$6.24 billion for 59.32 percent in Hong Kong-listed China Vision Media Group Ltd (CVMG), becoming the media company's biggest shareholder. The company, which has a rich business portfolio from print media, television and films to mobile games, will be renamed "Alibaba Film Group Co Ltd" accordingly.>>> more
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Dong Ping, the media group's former president, will become adviser to the company after the acquisition by Alibaba. Liu Chunning, Alibaba Group vice-president, will serve as the media company's president. Chinese action movie star Jet Li will act as the company's independent non-executive director. Photo taken on Oct 26, 2012. [Photo / IC] |
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