Alibaba Group Holding Ltd (BABA) To Partner With Netflix, Inc. (NFLX) In China?

0

In a program on The Street, J.R. deBart reported that Alibaba Group Holding Ltd (NYSE:BABA) is beefing up to launch its content streaming services in China. The content will be bought from the heart of the movie industry, Hollywood. Jack Ma is currently in the US where is he visiting Hollywood and other centers of movies and content. Ma said that Alibaba Group Holding Ltd (NYSE:BABA) is looking for partners in this business. This is a very important statement from Ma as before today, it was perceived that Alibaba Group Holding Ltd (NYSE:BABA) is going all alone in the content domain with heavy piles of cash and no experience at all. Netflix, Inc. (NASDAQ:NFLX) was regarded as a likely competitor in the future for Alibaba Group Holding Ltd (NYSE:BABA) but after today’s statement, we can predict that Jack Ma might offer a partnership for Netflix.

alibaba

Netflix, Inc. (NASDAQ:NFLX) will get a chance to reach emerging markets with a likely partnership with Alibaba Group Holding Ltd (NYSE:BABA). Jack Ma has a strong connection back in Chinese power corridors and Netflix can get all regulatory hurdles mined out because of Ma’s call. Jack Ma has already spent $1.22 in Chinese content company, Youku Tuduo. Alibaba Group Holding Ltd (NYSE:BABA) bought a 60% stake in ChinaVision, which is now known as Alibaba Group Holding Ltd (NYSE:BABA) Pictures. Ma spent $804 million for this deal.

Jack Ma has claimed that China will be biggest movie market in the next 15 years. Alibaba Group Holding Ltd (NYSE:BABA) has its payment system, AliPay in the pipeline. It has a well-developed and established online platform to sell products. Netflix, Inc. (NASDAQ:NFLX) and Alibaba Group Holding Ltd (NYSE:BABA) can turn China into a complete revolutionary market for movies and streaming content. Ma has also shown interest in Apple’s latest mobile payment system and said that his company will try to take Apple Pay to China.

Depot said that Tim Cook has also answered this interest positively, but offered no further details of this matter.

  Carl Icahn‘s Icahn Capital Lp hold around 1 million Netflix, Inc. (NADSAQ:NFLX) shares.

Suggested Articles:

Best Industries For Starting A Business

Most Frugal Billionaires

Share.