Comment on Alibaba Acquires 60% Stake in ChinaVision Media for $804 million by Alibaba's Aggressive Expansion to Media and Entertainment - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-03-12 00:00:00

ChinaVision Media Group Limited (HK: 01060) announced yesterday that Alibaba Investment Ltd, a subsidiary of Alibaba Group Holding Ltd, would buy 59.32% interest in it for HKD 6.244 billion (USD804 million). Products and services by ChinaVision Media range from newspapers, movies, mobile content and services, TV program promotion, artist management, among others. Alibaba has been building Aliyun OS, an Android-based operating system for smartphones and smart TV. But Aliyun isn’t regarded as a well-done system and doesn’t have edge over other systems — shopping on TV doesn’t sound attractive enough for users to buy an Aliyun TV. The contents ChinaVision owns may make products with Aliyun embedded more attractive to users.