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Hong Kong-listed television and film production firm ChinaVision Media Group says that Hangzhou-based Chinese e-commerce giant Alibaba Group has agreed to buy a 60% stake in the company for about HK$6.24 billion ($804 million), according to a company announcement. Alibaba will, through its subsidiary Alibaba Investment Ltd, subscribe 12.49 billion news shares of ChinaVision Media […]
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