Alibaba Invested in Over 30 Companies in 2014
Cory Doyle | | Dec 23, 2014 04:35 PM EST |
(Photo : techinasia) Alibaba expanded its services in a number of industries while investing in 32 companies both in China and abroad in 2014.
It has been a very busy year for Alibaba, with the Chinese ecommerce giant expanding its services in a number of industries while investing in more than 32 companies in China and abroad. Here's a brief overview of some of the more notable investments and expansions for Alibaba.
The Internet giant has made great strides in expanding into the entertainment industry, particularly with investments in TV and movie media companies. Alibaba received a majority stake in Hong-Kong-based ChinaVision when it invested $800 million into the company in March. ChinaVision produces many popular Chinese movies and TV shows such as Let the Bullets Fly andKong Fu Hustle.
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Alibaba also invested $50 million into a U.S.-based mobile TV app company called Peel. The app allows users to control TVs, DVRs, and satellite dishes with just the use of a mobile phone while implementing reviews and other features.
Also within the entertainment industry, Alibaba found itself expanding into the world of gaming. American game developing company Kabam received a $120 million investment in a deal that allows Alibaba to distribute games via its Taobao and Laiwang platforms. Kabam currently has 35 titles with gamers in over 150 countries.
Most recently, Alibaba invested into mobile gaming platform KTPlay, though the details of the investment were undisclosed. KTPlay is only available in China and essentially adds a social experience to mobile games.
Additionally, Alibaba made great strides in the growing transportation app industry with two different undisclosed investments into Kuaidi Dache, which is the second largest app providing taxi service in China.
Alibaba also bought mapping service Autonavi outright for nearly $300 million in July. Autonavi is the official Apple Maps service and is the fourth most popular mapping service in China.
Alibaba has invested in several more companies ranging from mail delivery services, to marketing companies, and even gained a 50 percent stake in the Guangzhou-based soccer team. These investments and expansions only scratch the surface and more are certainly expected for Alibaba in 2015.
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