Jun 16, 2011
In an e-mail to the staff of Hangzhou-based C2C & B2C e-commerce subsidiary Taobao, Alibaba Group chairman and CEO Jack Ma today announced that Taobao will be split into three companies - online search engine eTao, B2C and C2C platform Taobao Marketplace (Taobao.com), and B2C platform Taobao Mall - with independent management teams.
Warner Bros Entertainment today announced that its China joint venture, CAV Warner Home Entertainment, has signed a distribution agreement with You On Demand Media, the China joint venture of US-based pay-per-view (PPV) and video-on-demand (VOD) platform operator You On Demand Holdings (formerly China Broadband) (OTCBB: CBBD) to offer Warner Bros.
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