Alibaba and US-based entertainment company Lionsgate on Tuesday announced plans for a movie and television streaming service in mainland China, as the Chinese Internet giant expands beyond its e-commerce core. Alibaba, whose flagship site Taobao holds more than 90 percent of China's online consumer-to-consumer market, is preparing for a multi-billion-dollar stock offer on the New York Stock Exchange that could rival Facebook's flotation. The Chinese company will offer Lionsgate content, which includes the television series "Mad Men" and the movie franchise "The Hunger Games", through its set-top boxes with an expected launch next month, the companies said in a statement. China censors material authorities deem politically sensitive or obscene.
via Entertainment News Headlines — Yahoo! News
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