Alibaba Buys $383 Million Stake in Film Producer Enlight Media

Jack Ma, billionaire and chairman of Alibaba Group Holding Ltd., during an event in Hong Kong, on Feb. 2, 2015.

Photographer: Lam Yik Fei/Bloomberg

Alibaba Group Holding Ltd. purchased a 2.4 billion yuan ($383 million) stake in Chinese film company Beijing Enlight Media Co. as the e-commerce giant expands its television and entertainment offerings.

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