1. Text: | Print|

      Alibaba includes smart TVs in roster

      2013-07-24 08:50 China Daily Web Editor: qindexing
      1

      Alibaba Group Holding Ltd on Tuesday added the smart television sector to its markets-to-conquer list amid speculation that the e-commerce giant plans a $100 billion initial public offering in Hong Kong this autumn.

      The Hangzhou-based company said it will launch a gesture-controlled set box in the coming months. The product will bring online payment and video game downloading services to TVs.

      Teaming up with online video provider Wasu Digital Television Media Group, the gadget will be Alibaba's first release in the smart TV sector.

      "The set box will help us to create a brand new ecosystem in the TV industry where hardware manufacturers, content providers and app developers work together to bring high-level services to viewers," said Yu Ce, vice-president of Alibaba.

      "After some failed attempts to replicate its business model from the personal computer end to the mobile end, Alibaba needs a bigger screen to improve customers' shopping experience," said Wang Jun, an analyst at research firm Analysys International.

      TV will be the next battleground for e-commerce websites because it is a ideal platform for item display, according to Wang.

      Alibaba's smart TV strategy comes amid widespread speculation about its IPO. Wang said launching a new strategy may help Alibaba to get a higher valuation from the capital markets.

      A Hong Kong newspaper, the Oriental Daily News, reported on Tuesday that Alibaba has submitted listing documents to the Hong Kong stock exchange aiming to raise $20 billion. The newspaper did not give a source for the report.

      Alibaba may use $7 billion to repurchase shares from Yahoo Inc after the IPO, said the Hong Kong paper, adding that the shares of Alibaba will be ready for trade in October.

      "I've no idea what the newspaper was talking about," Alibaba CEO Jonathan Luk told China Daily in response to the report. "We are following our own plan when it comes to an IPO date."

      Alibaba accelerated its business expansion over the past six months, paving the way for a public offering that may exceed $100 billion.

      The company invested in popular tourism website qyer.com earlier this month to raise its profile in the thriving outbound tourism sector. The amount of the investment was unclear.

      In mid-June, Alipay, the online payment arm of Alibaba, launched the nation's first Internet-based investment fund aimed at online shoppers.

      The fund raised more than 10 billion yuan ($1.6 billion) in the first month after launch.

      In April, the company spent $586 million for an 18 percent stake in Sina Weibo, a popular micro blogging platform in China.

      Boosted by growing businesses on many fronts, the company's earnings nearly tripled in the first quarter, said its major shareholder, Yahoo, on July 17. Yahoo owns about 24 percent of Alibaba's shares.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲av乱码一区二区三区| 国产亚洲精品不卡在线| 亚洲福利视频网站| 久久精品免费观看国产| 亚洲精品少妇30p| 国产三级在线免费| 久久精品亚洲精品国产色婷 | 男人的天堂亚洲一区二区三区| 久久亚洲AV无码精品色午夜| 国产精品视频白浆免费视频| 亚洲精品在线观看视频| 久久综合给合久久国产免费| 亚洲男人的天堂在线| 久久WWW色情成人免费观看| 亚洲熟女综合色一区二区三区| 暖暖免费高清日本中文| 久久亚洲AV成人无码国产电影| 国产小视频在线观看免费| 一区二区三区视频免费观看| 国产精一品亚洲二区在线播放| 88xx成人永久免费观看| 亚洲中文字幕无码中文字| 免费人妻无码不卡中文字幕18禁| 一区在线免费观看| 亚洲激情中文字幕| 精品免费久久久久久成人影院| 四虎影视在线看免费观看| 国产AV无码专区亚洲AVJULIA| 久久久久久精品成人免费图片| 亚洲色大情网站www| 不卡精品国产_亚洲人成在线 | jyzzjyzz国产免费观看| 亚洲AV无码精品无码麻豆| 女人与禽交视频免费看| 日韩免费无码视频一区二区三区 | 亚洲国产模特在线播放| 国产成人免费高清在线观看 | 亚洲AV无码一区二区三区牛牛| 亚洲国产天堂久久综合| 91香焦国产线观看看免费| 猫咪www免费人成网站|