Alibaba to Expand Mobile Game Distribution Globally
Alibaba invested 1 billion RMB into its mobile gaming ecosystem.
Alibaba (BABA) - Get Alibaba Group Holding Ltd. Report is planning to expand its mobile gaming platform, investing 1 billion yuan into partnerships with a few gaming firms to distribute mobile games between China and other parts of the world.
China is the world's largest online gaming market, according to PricewaterhouseCoopers, with a videogame industry expected to hit $12 billion by 2020.
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