Yao Ming, Shakira, Queen Rania of Jordan and Jack Ma are just a few of the big names attached to the project.
Company chairman Jack Ma said the commitment had been predicated on a “friendly U.S.-China partnership."
Mark Tercek is President and CEO of the Nature Conservancy and author of Nature's Fortune. Follow Mark on Twitter: @MarkTercek
I can never be in China without marveling at all the changes that have occurred here since I first visited, back in the '80s, when I entered through Shekou and had to pass through a "Museum of Chinese History" before I could get to the street
This week Alibaba, the Chinese giant e-commerce company, is the brand which has been the most talked about in China. A few years ago Alibaba launched a big e-commerce festival on the 11th of November called 11.11, which is the Chinese equivalent to Black Friday in the US.
Alibaba's Jack Ma bought the paper for an undisclosed amount.
The two also discussed climate change and government incentives for young entrepreneurs.
BEIJING -- China's future development is about economic transformation. Through green growth and the application of Internet technologies, China can spur new opportunities and foster global sustainable development.
The e-commerce giant already owns 18.3 percent of Youku Tudou, but has now offered to buy the rest of the shares as part of its push into online video.
After years of scrambling to capture the mobile advertising market as their primary source of revenue, it would seem that Apple is about to cut them off at the knees.