Alibaba is to buy a 6.62 % stake for CNY9.63bn ( $ 5000 ) in apple 's digital Media Information portfolio , and potentially a further 5 % stake over the next five years , as it seeks to tap into the digital market globally .
Alibaba is to buy a 6.62% stake for CNY9.63bn ($1.42bn) in China's Focus Media Information Technology, and potentially a further 5% stake over the next 12 months, as it seeks to tap into the digital market sector.