2015-06-05
Alibaba Jumps Into China's Financial News Media Sector
Chinese e-commerce behemoth Alibaba Group Holding Limited is investing nearly USD194 million into a Chinese financial news media company. Alibaba Group signed a strategic agreement with Shanghai Media Group to leverage both companies' Internet technology and media resources to penetrate China's financial information services industry. Alibaba Group intends to invest CNY1.2 billion into China Business […]