Live
- ‘Get Set, Grow Summit 2024’ Focuses on Digital Detox for Families
- Stokes motivates his team to put in extra effort, says England pacer Potts
- From overcoming setbacks to leading India in U19 Women’s Asia Cup, Niki Prasad's amazing journey
- Driving Enterprise Security: Inside Venkata Reddy Thummala’s Leadership Journey
- Constitution debate: PM Modi hails 'Nari Shakti'; makes strong pitch for 'United Bharat’
- Abhijeet Bhardwaj: Revolutionizing Enterprise Analytics with Innovation and Expertise
- Bihar: Inquiry initiated against principal who went to buy veggies during school hours
- Press Sri Lankan Prez for release of Indian fishermen: TN Cong MP to EAM Jaishankar
- TN: DMK postpones executive meet due to heavy rains & Parliament session
- Porous silicon oxide electrodes can fix durability issues in batteries: Researchers
Alibaba mulls video streaming service a la Netflix
Highlights
Alibaba Group Holding Ltd will launch an online video streaming service in China in about two months, hoping to emulate the U.S.\'s Netflix Inc and HBO, the firm\'s head of digital entertainment said on Sunday.
Alibaba Group Holding Ltd will launch an online video streaming service in China in about two months, hoping to emulate the U.S.'s Netflix Inc and HBO, the firm's head of digital entertainment said on Sunday.
The service will be called 'TBO', or Tmall Box Office, with content bought from China and other countries, as well as in-house productions, Alibaba's Patrick Liu told reporters in Shanghai.
TBO will launch into a competitive online video market in China, where companies are spending billions of dollars to buy media content to attract enough viewers to become dominant.
Alibaba's new service will go up against the likes of Tencent Holdings Ltd, Baidu Inc's iQiyi, Sohu.com Inc and Leshi Internet Information & Technology Corp Beijing (LeTV).
"Our mission, the mission of all of Alibaba, is to redefine home entertainment," said Liu. "Our goal is to become like HBO in the United States, to become like Netflix in the United States."
It was not immediately clear how the service would fit with Youku Tudou Inc, one of China's biggest video streaming platforms in which Alibaba bought a 16.5 percent stake last year.
However, unlike the majority of domestic rivals, about 90 percent of TBO's content will be paid for, either by monthly subscription or on a show-by-show basis, Liu said. The remaining 10 percent would be free.
Netflix itself is also considering an entry into China, a notoriously difficult task for foreign Internet companies.
Next Story
ADVERTISEMENT
