Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! News on the evening of July 4, there is market news today that Alibaba Group is exploring possible options for its video entertainment assets as it continues to push forward its restructuring plan. Alibaba is conducting a strategic review of video streaming platforms Youku and Tudou, and one of the options to consider is to inject these assets into Alibaba Pictures to expand the business scope of the Hong Kong-listed company, which is still in its early stages, the source said. Alibaba may also explore other options, including a separate listing of the video platform, or it may not press ahead with any deal.

In this regard, Youku responded that the news is not true. Ali Pictures has not responded as of press time.

In March this year, Ali announced that the new business cluster of 116N has basically taken shape. Big Entertainment Group belongs to one of six business groups, including Youku, Ali Pictures and so on. According to the financial report, as of March 31, 2023, Alibaba's quarterly revenue from digital media and entertainment was 8.273 billion yuan, while Youku's quarterly total subscription revenue increased by 13% compared with the same period last year. At present, Ali Pictures's main business includes three parts, namely, content production and distribution business, ticketing-based technology business and IP derivatives and commercialization.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.