China's massive Alibaba is planning to get into movie streaming business. The head of Alibaba's digital entertainment division, Patrick Liu, wants to be Netflix or HBO of the East. "Our mission, the
mission of all of Alibaba, is to redefine home entertainment," Liu said at a press conference in Shanghai today, according to Reuters. "Our goal is to become like HBO in the United States, to become
like Netflix in the United States."
Read the whole story at The Verge »
