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#70312 - 03/12/1402:56 AM[Reuters] Alibaba buys ChinaVision stake for $804 million; gains TV, movie content
HONG KONG (Reuters) - China's largest e-commerce company Alibaba Group Holding has agreed to buy a controlling stake in ChinaVision Media Group Ltd for $804 million, giving it access to TV and movie content as competition in the world's biggest Internet market becomes increasingly cutthroat.