Alibaba has acquired stakes in Chinese film and television production companies in recent weeks. In addition, it operates Taobao.com, a sort of Chinese Amazon that offers a dizzying 70,000 different brands from 50,000 merchants. Taobao is especially strong in affordable, youth-oriented fashion.
In February, Alibaba plans to enter the U.S. market with the launch of a new e-commerce site called 11Main.com. Details on exactly what that site will offer are scarce, but if the ASOS-meets-Amazon model is anything to go by, this could be truly massive. (WWD)
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