Alibaba Joins “Smart TV” Race

Alibaba Group Holding Co. said on Tuesday it developed a “smart” TV operating system that would allow users to shop and pay their bills via their TVs, and that it would release a set-top box in coming months.

In a news release, the closely held Chinese electronic commerce company said it developed the set-top box with Wasu Media Holding Co. The box will be released in the next few months, said Li Yiqing, Wasu Media’s president and chairman. The two companies didn’t disclose a price.

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