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.