Alibaba founder buys Wasu stake

Nieuws Breedband China 9 APR 2014
Alibaba founder buys Wasu stake
The founder of Chinese e-commerce group Alibaba, Jack Ma, and partners will buy a 20 percent stake in Wasu Media Holding for CNY 6.5 billion. Major shareholders Wasu Digital TV Media Group and Alibaba have signed a strategic cooperation agreement, Xinhua reports. Wasu Media Holding will use the new funds to develop content and expand its Wasu internet TV terminals. 

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Alibaba

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China

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M&A buyouts & divestments

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