Brief introduction of China Digital Media Network Co., Ltd.

China Digital Media Network Co., Ltd. (hereinafter referred to as China Digital Media) is a subsidiary of China Digital TV Media Group Co., Ltd., specializing in digital TV network operation and new media development, and is one of the main listed platforms of China Digital Department. Under the background of "triple play", China Digital Media plans to raise 720 million yuan to acquire broadband business assets of China Digital Netcom Information Port Co., Ltd., and formally expand from broadcasting business to broadband business. As of 20 12 12 3 1 2, the number of personal broadband users was 248,000. On March 3, 20 14, China Digital Media announced the suspension of trading, which was due to Alibaba Group's shareholding. It is expected that Alibaba Group will eventually hold a 20% stake in China Digital Media, involving an amount of about 10 billion US dollars.