Home International Investing Alibaba not investing in Netflix

Alibaba not investing in Netflix

by Jonathan Adams

Alibaba, the Chinese e-commerce giant denied it plans to make a strategic investment in Netflix, the US-based video streaming provider, according to Reuters.

Alibaba was responding to unconfirmed reports about a possible tie-up between the two companies.

When Netflix reported earnings in July, it noted that the regulatory environment in China is tough and that the climate for its service “has become more challenging”, MarketWatch reported.

Important
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more