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NEW DELHI: Jack Ma-founded Alibaba<\/a> is looking to acquire an online movie booking site to up its game in India’s retail entertainment business, after investments in digital payment app Paytm<\/a>, as the Chinese ecommerce major looks to expand its play in what it terms as a key market.\n
“Within the group-level, there is already a momentum like Paytm investment which we have done. We are also going to have some investment in online movie tickets booking sites,” Alibaba’s mobile business president He Xiaopeng<\/a> told ET Wednesday, when asked about acquisition moves in India.
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Xiaopeng added that the potential acquisition target could be sites similar to BookMyShow<\/a>. He however didn’t specify if the company was in talks with any for a deal.
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\nA recent media report had said that Alibaba Pictures, the movie and TV content business controlled by the Chinese e-commerce major, is in negotiations to buy 70-75% stake in Orbgen Technologies, which operates ticket-booking platform TicketNew, for about $35 million.
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\nThe group considers India a key market which is growing in terms of number of mobile phone users and internet users, amid slowdown in global markets.
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\nThe Chinese giant, according to the executive, is creating a strategic team to explore investment opportunities in India.
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\n“We are forming a strategic group to look at investment strategy in India and take it as a long-term goal for considering more investments,” Xiaopeng added.
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The company had acquired UCWeb<\/a>, of which He is a co-founder, in 2014 to up its game in digital play, and India has become one of the two focussed regions after China, and ahead of Indonesia.
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\n“Our C-level team is already speaking to major venture capitalists in India for co-investment opportunities,” Xiaopeng said, adding that the company would continue its investment momentum in the country.
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\nIt is already investing Rs200 crore for developing the content ecosystem in India and Indonesia.
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\n“We are looking at infrastructure tie-ups with partners, exploring opportunities with communications companies in India. China and India has a relationship and India is a base to our global strategy,” the Alibaba executive said.
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\nAlibaba also feels that billionaire Mukesh Ambani’s Reliance Jio Infocomm foray into telecom, which has led to a sharp fall in data tariff across telecom market, is a good opportunity for the company and the sector, and would help in digital payment growth in India.
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It (Jio’s low data tariff) is definitely an opportunity for us and the entire industry<\/a>. Content consumption is surging vastly and is good for our operations. It is good for content portfolio and ecosystem and is also an opportunity for the digital payments segment,” Xiaopeng said.
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\nAlibaba’s mobile business has already identified short videos as a next big thing as the entertainment content surges further.
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Mark Zuckerberg-driven Facebook<\/a> has also recently shown interest in short videos.
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\nXiaopeng believes that Facebook cares less about content but more about communications.
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\n“We talk more about content generation, organisation and commercialisation. In future, we will focus on content creators and help them make better content with its commercialisation. This will be our key competitive strength,” he added.
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\nUCWeb also Wednesday said it will invest Rs 200 crore in India over the next two years for distributing content, while it will invest Rs 5 crore initially to launch a self-creating content platform We-Media Reward Plan 2.0 which will have write ups by popular bloggers and others.
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“The investment falls under Alibaba Digital Media and Entertainment Group<\/a>’s targeted investment of $7.2 billion in content over the next three years,” He added.
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\nIndia has monthly active users of over 80 million on UCNews, as of February. With at least 400,000 self-publishers here, the company feels its We-Media platform, the market has the potential to propel UC News to the No. 1 position in content generation and service platforms within this year.
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\nUCWeb is also upgrading its content and services portfolio by adding more short videos, which are fast becoming the most popular form of content consumed in China. The company sees huge potential for this concept in India as well. The company has set up a separate team to handle short videos section and is scouting for relevant partners to support this for UC News India.
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新德里:杰克Ma-founded阿里巴巴希望获得一个在线电影网站预订了游戏在印度零售娱乐业务,投资在数字后付款程序Paytm,随着中国电子商务主要是扩大其在关键市场。“组级别内,已经有这样的势头Paytm投资我们所做的。我们也会有一些电影票预订网站投资,”阿里巴巴的移动业务他Xiaopeng周三告诉ET,当被问及在印度收购行动。
发源地补充说,并且潜在的收购目标可能是类似的网站BookMyShow。他但是没有指定如果公司与任何交易。
最近媒体报道称,阿里巴巴的图片,电影和电视内容业务控制的中国电子商务专业,在谈判中购买Orbgen技术70 - 75%的股份,经营TicketNew票务代理平台,为约3500万美元。
集团认为印度的一个关键市场,越来越多的手机用户和互联网用户数量在全球市场增长放缓。
中国巨人,根据行政,是创建一个战略团队探索在印度的投资机会。
“我们正在形成一个战略集团在印度的投资策略,把它作为长期目标考虑更多的投资,”发源地。并且
该公司已收购了UCWeb,他是一个创始人之一,2014年其在数字游戏玩,和印度已经成为中国后两个集中区域,提前和印度尼西亚。
“我们的c级团队已经对主要风险资本家在印度联合投资机会,”发源地说,并且补充说,该公司将继续投资势头。
它已经投资Rs200印度和印尼卢比的开发内容生态系统。
“我们正在考虑基础设施与合作伙伴建立合作关系,探索通信公司在印度的机会。中国和印度的关系,印度是一个基础,我们的全球战略,”阿里巴巴高管表示。
阿里巴巴也觉得亿万富翁穆凯什•安巴尼的依赖Jio Infocomm进军电信,导致数据大幅下滑关税在电信市场,是一个很好的机会为公司和部门,并将在印度帮助数字支付增长。
它(Jio的低数据关税)绝对是一个美国和整个的机会行业。内容消费大幅激增和有利于我们的业务。它有利于内容组合和生态系统和数字支付部分也是一个机会,”发源地。并且
阿里巴巴的移动业务已经确定短视频作为下一件大事的娱乐内容进一步飙升。
马克Zuckerberg-driven脸谱网最近也兴趣短视频。
发源地相信并且Facebook内容更少关心通信。
“我们进一步讨论内容生成,组织和商业化。在未来,我们将专注于内容创造者,帮助他们做出更好的商业化。这将是我们的主要竞争优势,”他补充道。
UCWeb周三还表示,将在印度投资200卢比在未来两年内分配的内容,虽然它将投资5卢比最初推出self-creating内容平台国家语委奖励计划2.0将由流行的博客写ups和其他人。
“投资属于阿里巴巴数字媒体和娱乐集团的内容有针对性的投资72亿美元在未来三年内,”他补充道。
印度对UCNews月度活跃用户超过8000万,截至2月。乐动扑克至少有400000自行出版者,该公司认为其国家语委平台,市场有可能推动加州大学新闻内容生成的1号位置在今年和服务平台。乐动扑克
UCWeb也升级其内容和服务组合通过添加更多的短视频,迅速成为最受欢迎的形式的内容在中国消费。这个概念在印度的公司看到了巨大的潜力。该公司已经建立了一个单独的团队来处理短视频部分和寻找相关的合作伙伴为加州大学新闻印度支持这个。乐动扑克
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