Alibaba set to offer video streaming service

Shanghai

ALIBABA Group Holding is planning to build China's version of Netflix and HBO via a new service called Tmall Box Office, as it tries to service 600 million families craving more entertainment content.

The new service will be offered in about two months through Alibaba's set-top box and smart televisions that carry its operating system, including those manufactured by Haier Group Corp, Liu Chunning, president of Alibaba's digital entertainment business, said on Sunday. Some of the content will be produced by the company and some purchased overseas, he told the press briefing.