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Alibaba Reportedly Invests in Video Service PPTV

Alibaba reportedly will buy a stake in PPTV, an online video streaming service, together with Hunan Satellite TV with $400 million. The rumor that PPTV was looking for buyers has been around for a while. It was reported that Sohu and Suning showed interest. Vincent Tao, CEO of PPTV, predicted at the beginning of this year that […]