Alibaba (BABA) Continues Global Expansion

 
Hong Kong-based e-commerce giant Alibaba (BABA) is evolving into a global force Investor’s Business Daily reported.
 
In a move to expand its reach in digital content, Alibaba announced last month it would acquire the South China Morning Post and other media assets of SCMP Group.
 
Last month, Mario Gabelli, the second-largest investor in Viacom (VIAB), reportedly urged the company to sell a stake in Paramount to Alibaba.
 
Alibaba founder Jack Ma, meanwhile, launched a campaign against counterfeit products made in China, which some see as partly a bid to win approval of U.S. regulators for planned investments here. Ma on December 24 announced he had hired Matthew Bassiur, a former U.S. federal prosecutor, to head its global intellectual property enforcement unit.
 
BABA is a Cabot Emerging Markets Investor stock.

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