Current location:World Watchers news portal > style
Alibaba to invest $640m in HK's entertainment industry
World Watchers news portal2024-05-21 12:36:09【style】6People have gathered around
IntroductionThe digital media and entertainment unit of tech heavyweight Alibaba Group Holding Ltd announced on
The digital media and entertainment unit of tech heavyweight Alibaba Group Holding Ltd announced on Monday that it plans to invest no less than HK$5 billion ($639.4 million) over the next five years to bolster the development of Hong Kong's culture and film industries.
The funds will be spread across Hong Kong-made TV dramas, movies, performances and cultivation of young talents, the company said. The investment is a part of broader plan to revitalize Hong Kong's once-flourishing entertainment sector.
Alibaba's video-streaming platform Youku will partner with a slew of local companies such as TVB, Shaw Brothers Pictures, and Media Asia Group to produce TV series.
The Beijing-based Alibaba Pictures, Alibaba's film arm, said its second headquarters will be located in Hong Kong. It has also signed a five-year strategic partnership with the Hong Kong Baptist University's Academy of Film to give scholarships to 20 young filmmakers.
Address of this article:http://pitcairnislands.downmusic.org/news-62a299856.html
Very good!(2176)
Related articles
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- China prepares to launch Shenzhou
- Horses show off in Versailles, keeping alive royal tradition on soon
- D23 Expo reveals new details of Shanghai Disneyland's Zootopia
- A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
- China to launch anti
- Florida sheriff says deputies killed a gunman in shootout that wounded 2 officers
- Festive holiday bodes well for tourism rebound
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- iQIYI signs strategic partnership with Tourism Authority of Thailand
Popular articles
Recommended
Devout Christian doctor, 68, who punched dementia
China's domestic tourism expected to fully recover in summer
Scotland's leader faces a week of high
LeBron James EXPLODES on Lakers coach Darvin Ham for not challenging out
California congressman urges closer consultation with tribes on offshore wind
Stuart Skinner gets 1st postseason shutout as Oilers beat Kings 1
1 migrant dies and 25 are rescued from a sinking dinghy in eastern Greece
China's air passenger trips to reach 9 million during May Day holiday
Links
- 1 dead, homes destroyed after tornado hits Westmoreland
- MICHAEL MOSLEY: How ultra
- Japan's Kishida will stress rules
- MICHAEL MOSLEY: How ultra
- Lebanese Christian leader says Hezbollah's fighting with Israel has harmed Lebanon
- Fists fly as men in line for ride at popular Virginia park come to blows
- Jury finds Wisconsin man sane in sexual assault, killing of toddler
- Expanding clergy sexual abuse probe targets New Orleans Catholic church leaders
- No criminal charges after 4 newborn bodies found in a freezer
- Less alcohol, or none at all, is one path to better health