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Alibaba buys 2.4b yuan stake in film producer Enlight Media

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Alibaba Group Holding Ltd has purchased a 2.4 billion yuan (S$530 million) stake in Chinese film company Beijing Enlight Media Co as the e-commerce giant expands its television and entertainment offerings.

Hong Kong

ALIBABA Group Holding Ltd has purchased a 2.4 billion yuan (S$530 million) stake in Chinese film company Beijing Enlight Media Co as the e-commerce giant expands its television and entertainment offerings.

Hangzhou Ali Venture Capital Co, an Alibaba subsidiary, bought