By Noel Young

Chinese web giant Alibaba has announced it plans to launch its own video streaming service. The Huffington Post quoted experts who thought the move could be a “substantial hurdle” for Netflix as it develops its own international strategy .

Alibaba’s new service, called Tmall Box Office, or TBO,will go out exclusively in China. featuring both licensed content and original video produced by Alibaba.

Alibaba’s e-commerce sites do hundreds of billions in business every year in China, said Huffpo. Netflix is said to be planning a major expansion into China, but hasn’t got there yet

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Source: The Drum