BABA Share Price Today Moving on Video-Streaming News

The Alibaba Group Holding Ltd. (NYSE: BABA) share price traded up slightly this morning after the company announced it will be launching its own video-streaming service in China. BABA shares climbed to $87.17 shortly after the opening bell. The service will be known as Tmall Box Office or TBO. According to Reuters , it will offer a mix of in-house and third-party content, similar to Netflix Inc. (Nasdaq: NFLX). Here's why this announcement is so important for the Alibaba share price moving forward... Tags: Alibaba Stock , Alibaba stock price , Alibaba video , BABA share price , baba share price live , baba share price now , baba share price yahoo , BABA shares , BABA stock , Baba stock price , NYSE: BABA To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post BABA Share Price Today Moving on Video-Streaming News appeared first on Money Morning - We Make Investing Profitable .