Alibaba buys $383 million stake in TV programme producer Beijing Enlight

SHANGHAI (Reuters) - Chinese e-commerce titan Alibaba Group Holding Ltd has invested 2.4 billion yuan ($382.67 million) in TV programme producer Beijing Enlight Media Co Ltd, Beijing Enlight said in a regulatory filing on Wednesday. The move follows investments by Alibaba worth more than $3.1 billion in the entertainment industry last year as the company aggressively expands into film and entertainment content. ...