Netflix (NFLX) stock fell Monday on news that China Internet giant Alibaba Holdings (BABA) will launch its own online video streaming service in China in August. “Our mission, the mission of all of Alibaba, is to redefine home entertainment,” Alibaba’s head of digital entertainment, Patrick Liu, told reporters in Shanghai, according to a Reuters report on Sunday. “Our goal is to become like HBO in the United States, to become like Netflix in the
Alibaba (BABA) CEO Jack Ma is in the U.S. this week trying to drum up business for the Chinese e-commerce giant. He said in a CNBC interview that his company’s mission is “helping small business. And I think at this time, because we have 350 million (middle class) buyers in China, we think about bringing the American small business to China, or bringing small businesses from Europe to China.” Today’s Screen Of The
Jack Ma, the founder and executive chairman of Alibaba Group (BABA), outlined his ideas to help U.S. companies sell more goods in China, in a column published in the Wall Street Journal on Tuesday. Ma is currently in New York to present his thoughts on Alibaba’s global expansion, in a presentation to the New York Economic Club. He’ll then head to Chicago for a town hall discussion Wednesday. As people learn more about Alibaba, which dominates