Chinese e-commerce giant Alibaba_developed a smart TV operating system last year and started working with a number of partners to_come up_with smart TVs, set-top boxes and services to run inside them. Now, the company is stepping up efforts to boost digital content as it seeks to engage users and_conquer the living room of the Chinese — via an affiliated $1 billion investment deal, as well as a strategic cooperation agreement. Alibaba Chairman and founder Jack Ma and co-founder Simon Xie, along with Chinese billionaire Shi Yuzhu, are shelling out CNY6.54 billion ($1.05 billion)_for a 20 percent stake in digital media...

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