Current location:International Impression news portal > politics
Alibaba to invest $640m in HK's entertainment industry
International Impression news portal2024-05-08 15:17:16【politics】8People 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://lydelajexeh.allesfuersjagen.com/html-06a699968.html
Very good!(42828)
Related articles
- Instacart partners with Uber Eats to offer restaurant deliveries
- China unveils plan to promote trade
- Spring flower season boosts tourism industry in Hanzhong, NW China
- World Smile Day marked across China
- New York governor regrets saying Black kids in the Bronx don't know what a computer is
- FedEx upgrades gateway in Shenzhen
- China's securities regulator tightens delisting regulation
- China announces discovery of major oilfield in Bohai Sea
- Teacher Appreciation Week: Schools subsidize on
- Cruise ship industry poised for new golden era
Popular articles
Recommended
Gallen throws 6 shutout innings, Carroll drives in 5 as Diamondbacks beat listless Reds 6
New bright spots shine in pressured trade scene
Book on Xi Jinping Thought on Diplomacy Published
Xi Says China, U.S. Sister Cities Cooperation Fruitful
Inside the Met Gala: A fairytale forest, woodland creatures, and some starstruck first
Xi Calls on Returned Scholars Association to Pool Talent, Strengths for Development
Xi Calls on Returned Scholars Association to Pool Talent, Strengths for Development
Nation favored magnet for foreign investors
Links
- I found BUGS wriggling in my Sainsbury's risotto rice
- Lazy or genius? It's the gadget that's becoming a must
- Japanese astronaut to be first non
- How community groups helped hundreds of migrants bused in from Texas
- Six ways to use up surplus chocolate, meat and vegetables from Easter according to top chefs
- The Aucklanders who refuse to use food scrap bins
- How Christopher Nolan couldn't have won his first Oscar without his family's support
- How Los Angeles police are fighting back against organized retail theft
- I ate cricket meat mince and it was delicious
- Ruapehu Alpine Lifts gets $7m bailout from government