China's Alibaba Poised To Invest $7.2 Billion in Entertainment and Media (variety.com)

Alibaba Digital Media and Entertainment, part of Chinese e-commerce giant Alibaba, is planning to invest $7.2 billion in entertainment and media over the next three years. From a report on Vulture, submitted by an anonymous reader: The plan is being spearheaded by Yu Yongfu, who joined the Alibaba parent group in 2014, and in a meteoric rise has come to head the digital group. He also recently took over as chairman and CEO of Alibaba's listed film making subsidiary Alibaba Pictures group. A former financier with Legend Capital and seasoned technology executive, Yu said in the email that he "did not come to play." He pledged to invest in content.

Comments

Re:Cheap clothing

[__aaclcg7560]

They are selling pallets of shirts at $3 per unit and we have to buy them at the store for $60+.

Go buy yourself ten shirts for $50.*

http://6dollarshirts.com/

* Larger shirt sizes cost extra.

Knockoff Movies.

[sethstorm]

Not only can you get them at flea markets, you can now see them in the theater.

.com actually had jobs for US citizens.

[sethstorm]

Doesn't mean anything if it's not resulting in US jobs.

Quality vs. price

[DrYak]

Thanks to Alibaba we now know how many decades we have been ripped off here in the west. They are selling pallets of shirts at $3 per unit and we have to buy them at the store for $60+. No longer.

You know, there exist such a thing as a T-Shirt that won't get completely destroyed the first time you put it into a washing machine, and that won't be torn beyond any recognition by the 5 time you wear it.
Actual good quality clothes that can stand a bit of abuse and still be useful.
They tend to cost a tiny bit more that 3$ (and aren't necessarily produced in China).

But then, *those* are going to be charged $120+ at the store, so your point still stands.