Alibaba is launching TBO, a movie streaming business for China

Known as Tmall Box Office, or TBO, the service will offer a mix of third-party and in-house content, as well as domestic and foreign videos, Reuters reported June 14. About 90% of TBO’s content will be paid for, either by subscription or per broadcast. […] The deal could be good news for Netflix, which was reportedly in talks with Wasu recently about doing business in China. While it’s likely too late for a “Netflix China” launch, Netflix has recently begun securing the global distribution rights for in-house and third-party titles. – Josh Horwitz, Quartz