Tencent Tech, 12/12/11
An industry source claims that Chinese e-commerce company Alibaba Group will wholly acquire TV shopping joint venture Wasu Taobao Digital Technology for RMB 28 mln from IPTV network operator Wasu Digital Television Media Group. Following the acquisition, Wasu Taobao will come under the management of Alibaba's Taobao Mall platform. Alibaba has not offered any comment on the claims.
According to an unconfirmed report, Wasu Taobao has lost nearly RMB 10 mln over the year since it launched.
Editor's Note: For more information on this topic, please see "Alibaba and Wasu Officially Announce JV," MD 6/29/10 and "Wasu Taobao TV Shopping Platform Supports Alipay," MD 3/29/11 issues
TV shopping channel
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.