alibaba tencent invest in internettv startup
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Alibaba, Tencent invest in Internet-TV startup

Arab Today, arab today

Arab Today, arab today Alibaba, Tencent invest in Internet-TV startup

Alibaba, China's largest e-commerce company
Shanghai - XINHUA

China's Internet giants Alibaba and Tencent on Thursday announced they would invest in a China Media Capital (CMC) Internet-TV startup.

Whaley Technology, which was founded by CMC chairman Li Ruigang in April, now has four partners -- CMC, Alibaba, Tencent and China National Radio. China National Radio is the holder of an Internet-TV license.

CMC is China's leading media and entertainment investment fund. Established in 2010, CMC's prominent partners include China Development Bank, one of the nation's largest financial institutions.

Whaley did not reveal how much each partner invested, but said it had raised startup capital of 2 billion yuan (313 million U.S. dollars).

Whaley Technology on Thursday evening unveiled a 55-inch, 4K resolution smart TV, with a price tag of 3,799 yuan.

It will start accepting preorders on its website and Alibaba's Tmall online marketplace as of 10 a.m. Friday. Customers can also make purchases starting Aug. 18.

Li said Whaley will focus on hardware as well as content, while Alibaba and Tencent could provide content.

Local rivals, like Xiaomi and LeTV, also have lunched smart TVs, betting on the fast-growing segment.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

alibaba tencent invest in internettv startup alibaba tencent invest in internettv startup

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

alibaba tencent invest in internettv startup alibaba tencent invest in internettv startup

 



GMT 21:38 2017 Monday ,30 October

Arab coalition to confronting Houthis

GMT 05:09 2017 Wednesday ,20 September

UK to take 130 more lone refugee children in Dubs

GMT 16:27 2011 Thursday ,07 July

More photos come up

GMT 10:49 2016 Monday ,19 September

Greek central banker denies rift with government

GMT 04:51 2017 Saturday ,21 October

EU puts brakes on Macron's Google tax push

GMT 11:35 2017 Friday ,17 March

Bahrain Bourse daily trading report

GMT 20:38 2017 Friday ,24 February

20 terror suspects, including 4 women, arrested

GMT 10:40 2017 Saturday ,29 April

Sudan condemns Paris' terrorist attack

GMT 08:33 2017 Tuesday ,21 November

Hezbollah denies sending arms to regional conflicts

GMT 23:14 2017 Tuesday ,02 May

Deputy premier meets Malaysian counterpart

GMT 10:45 2016 Monday ,25 July

Warner, Marvel wow Comic-Con

GMT 09:17 2017 Monday ,08 May

Macron marches to French presidency
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday