28Dec/16Off
Alibaba entertainment affiliate to invest over $7.2 billion over next three years
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer/File photo
In an internal email seen by Reuters and confirmed by an Alibaba group spokeswoman, the affiliate's new CEO Yu Yongfu pledged to invest in content, saying "he didn't come to play."
See the full story here: http://www.reuters.com/article/us-alibaba-entertainment-idUSKBN14H0UV