Patrick Liu

Alibaba Group Holding will launch an online video streaming service in China in the next two months, in order to emulate the US's Netflix Inc and HBO. The service will be called 'TBO', or Tmall Box Office, with content bought from China and other countries, as well as in-house productions, Alibaba's Patrick Liu said. TBO will launch into a competitive online video market in China, where companies are already spending billions of dollars to buy media content to attract viewers to become dominant.