The head of China's leading Internet conglomerate wants to bring American movies to China, along with other U.S. products.
Jack Ma, executive chairman of Alibaba Group, the Chinese e-commerce giant that just held a record stock debut on Wall Street, is visiting Hollywood film studios this week. He told a tech industry conference Monday night that he is "looking for partners" because "China will be the largest movie market in the world" in the next 10 or 15 years.
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Alibaba operates several Internet services, including retail sites, online payments and streaming video. In response to a question, Ma also said he would be interested in teaming with Apple to bring its Apple Pay digital payments service to China.