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Details of the deal involving Alibaba, Hunan TV and DMG have already been released.

New Alibaba CEO: Expansion Abroad Is the Company’s Priority This Year

ByEL Borromeo | May 16, 2015 06:55 AM EDT

Alibaba sold its U.S. e-commerce portal 11Main to rival OpenSky.

Alibaba Exceeds Expected Quarterly Revenues, Names New CEO

ByEL Borromeo | May 08, 2015 07:30 AM EDT

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A "Golden Bridge of Silk Road" structure has been erected in Beijing's Olympic Park.

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