Jack Ma heads for Hollywood in search of content

Jack Ma,the Alibaba founder and the Billionaire,will step up Hollywood deal-making push, leading a team of Alibaba Group Holding Ltd executives meeting with studios to acquire online content.

Jack Ma will hold a private meeting with his partner ,Lions Gate Entertainment Corp, Walt Disney Co, Viacom In's Paramount Pictures, Time Warner In's Warner Bros, Sony Corp and Com cast Corps Universal.Hangzhou,as the China-based Alibaba,will seek deals that give it the right to distribute US movies and TV shows at home, or invest in studio stakes.

Alibaba is on the way to entertainment because it has a been armed with $25 billion from initial public offering on September, Alibaba can sell to Chinese consumers through its set-top boxes, which also offer goods from its e-commerce site, the world's largest. Alibaba has expanded connection on Hollywood while meeting challenges such as piracy and censorship in the Chinese mainland.

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