The Chinese online retailer is ready to invest in the media startup Thrive to further strengthen itself in the media sector..Alibaba Group Holding Limited aims to further strengthen its position in the media industry. According to the sources close to the matter, the Chinese e-commerce giant’s co-founder, Jack Ma, has agreed to back Thrive –a subscription based wellness program soon to be launched by Arianna Huffington.
65 year old Arianna has co-founded a news website which has been named after her. She is now set to extend her media business with a newly emerging company focus on wellness as well as health. She had talked with investors regarding a new media organization known as Thrive, stated persons aware of the issue. It aims to offer lifestyle content provided by bloggers and celebs, as well as offer wellness consulting facilities to organizations, a source –on the condition of anonymity –revealed.
Thrive is taking different business models into consideration, including subscription-based wellness programs, advertising-backed content as well as conferences, the people stated. The company aims to hold classes for corporate clients to enhance the productivity and well-being of workers, whereas helping them in retaining talent, a person stated.
The American software company Lerer Hippeau Ventures, which was set-up by an Ex- CEO and co-founder of the newspaper, has also pledged to invest in the media organization. Arianna did not immediately gave a comment. Also, Lerer Hippeau and the Chinese E-Commerce company refused to comment.
In 2005, Arianna helped set-up the publication with reliance on a similar model of freelancer writers , staff journalists as well as celebrity contributors to lure a large number of readers. In 2011, AOL purchased the publication for a price of $315 million, and the brand turned into a significant part of the American telecommunications service provider Verizon Communications’ media strategy in 2015 when it bought AOL.
The telecom has permitted Ms, Huffington to work on the new project while continuing to work with the organization, where she offers her services as editor-in-chief as well as president of the publication, people aware of the matter stated. AOL’s spokesman Caroline Campbell, refused to comment. The shares of Verizon suffered a decline by 0.5% at the close of trading in New York.
Arianna does not only regularly write and appear at conferences and television, but she is also amongst the board of directors at the cab company Uber after joining it in 2016.
In other news, as per reports by Times of India, the Hangzhou based organization has started to establish its core Indian time by getting ex-chief business officer of the online local services market LocalOye, Bharati Balakrishnan
Sources have revealed that Bharati, former consultant with stints at startups such as Health spring as well as Bain & Company is a senior hire who would become a member of the local team for the web retailer’s soon-to-be-launched Indian division. IDG Ventures India’s ex associate Soumitra Sharma, who got appointed at Alibaba as its director of global strategies previously in 2016, will probably work with Bharati as the online shopping platform operator tries to run its operations in India. For many companies, India has been a market full of opportunities and time will tell how much Alibaba will grow in the region.
65 year old Arianna has co-founded a news website which has been named after her. She is now set to extend her media business with a newly emerging company focus on wellness as well as health. She had talked with investors regarding a new media organization known as Thrive, stated persons aware of the issue. It aims to offer lifestyle content provided by bloggers and celebs, as well as offer wellness consulting facilities to organizations, a source –on the condition of anonymity –revealed.
Thrive is taking different business models into consideration, including subscription-based wellness programs, advertising-backed content as well as conferences, the people stated. The company aims to hold classes for corporate clients to enhance the productivity and well-being of workers, whereas helping them in retaining talent, a person stated.
The American software company Lerer Hippeau Ventures, which was set-up by an Ex- CEO and co-founder of the newspaper, has also pledged to invest in the media organization. Arianna did not immediately gave a comment. Also, Lerer Hippeau and the Chinese E-Commerce company refused to comment.
In 2005, Arianna helped set-up the publication with reliance on a similar model of freelancer writers , staff journalists as well as celebrity contributors to lure a large number of readers. In 2011, AOL purchased the publication for a price of $315 million, and the brand turned into a significant part of the American telecommunications service provider Verizon Communications’ media strategy in 2015 when it bought AOL.
The telecom has permitted Ms, Huffington to work on the new project while continuing to work with the organization, where she offers her services as editor-in-chief as well as president of the publication, people aware of the matter stated. AOL’s spokesman Caroline Campbell, refused to comment. The shares of Verizon suffered a decline by 0.5% at the close of trading in New York.
Arianna does not only regularly write and appear at conferences and television, but she is also amongst the board of directors at the cab company Uber after joining it in 2016.
In other news, as per reports by Times of India, the Hangzhou based organization has started to establish its core Indian time by getting ex-chief business officer of the online local services market LocalOye, Bharati Balakrishnan
Sources have revealed that Bharati, former consultant with stints at startups such as Health spring as well as Bain & Company is a senior hire who would become a member of the local team for the web retailer’s soon-to-be-launched Indian division. IDG Ventures India’s ex associate Soumitra Sharma, who got appointed at Alibaba as its director of global strategies previously in 2016, will probably work with Bharati as the online shopping platform operator tries to run its operations in India. For many companies, India has been a market full of opportunities and time will tell how much Alibaba will grow in the region.