![Comment on Alibaba’s Aggressive Expansion to Media and Entertainment [Updated] by Huayi Brothers Taps Hollywood Veterans To Launch Animation Unit | Big Box of Money](/img/6658769e2a7a24c34cf00d266bd4b57f9a0928f377115e942ef9f74165037b9a)
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Comment on Alibaba’s Aggressive Expansion to Media and Entertainment [Updated] by Huayi Brothers Taps Hollywood Veterans To Launch Animation Unit | Big Box of Money
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Comments for TechNode
The Chinese e-commerce giant has accelerated expansion into media and entertainment through investment or acquisition since 2014.
Alibaba has invested more than US$2.4 billion in four Chinese companies, across movie, TV program and digital content since 2014.
It bought 59% stake in ChinaVision Media Group in the first half of 2014, renaming it Alibaba Pictures Group.
Alibaba Group chairman Jack Ma had been an investor in the company and served as a board director before Alibaba’s investment.
Digital MusicXiami.com, the leading music streaming service founded by former Alibaba employees, was acquired by Alibaba Group in early 2013.
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