Arianna Huffington is launching a new media venture backed by Jack Ma

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Arianna Huffington is launching a new media venture, called Thrive, which will focus on health and wellness, according to the Bloomberg terminal.

Thrive will reportedly be backed by Alibaba founder Jack Ma and venture capital firm Lerer Hippeau.

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Huffington is the cofounder and editor-in-chief of the pioneering new media site, The Huffington Post.

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