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Loaded Alibaba and Jack Ma to continue investment(2)

2014-11-07 09:30 chinadaily.com.cn Web Editor: Sun Tian
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Media and entertainment:

Hollywood content may be the latest to Alibaba's shopping list, as Jack Ma paid his visit last week, seeking US films and TV series for Youku Tudou, China's most popular video-streaming website, of which the Internet behemoth owns about 17 percent stake.

Alibaba has already signed agreements to be able to stream content such as The Hunger Games since July, according to Bloomberg.

Earlier this year, Alibaba acquired a majority stake in Hong Kong-based ChinaVision Group for $804 million. The company, now named Alibaba Pictures Group, produces Chinese-language TV shows and movies.

Wasu Media decided in April to sell its 20 percent stake for 6.54 billion yuan to Hangzhou Yunxi Investment Partnership Enterprise, which is owned by Jack Ma and other partners.

The Shenzhen-listed media company announced a cooperation agreement with Alibaba at the same time for online content and Internet TV.

Jack Ma's personal investment portfolio also includes about 4.13 percent stake of Huayi Brothers Media, according to GF Securities.

Sports and healthcare

"Soccer is a very charming sport. Investing in the industry is more like investing in happiness. It is a rational approach," said Jack Ma at a press conference in June when Alibaba Group announced to pay up to 1.2 billion yuan for a 50 percent share of Guangzhou Evergrande Football Club, China's first-ever winner of the Asian Football Confederation Champions League.

Ma added that the investment is in line with the company's strategy which is to pursue health and happiness.

Alibaba Group and Yunfeng Capital, a private equity firm co-founded by Jack Ma, invested about $171 million to gain control of healthcare data company CITIC 21CN in January.

The Hong Kong-listed company is engaged software development for drug authentication.

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