China’s Alibaba Pictures Unveils $300 Million Investment Fund

China-based Alibaba Pictures Group, the studio unit of Jack Ma’s e-commerce giant Alibaba Group, has unveiled a new $300 million investment fund for the movie and television industry.

Alibaba Pictures is partnering with Wuhu Gopher Asset Management on the fund, called the Hainan Alibaba Pictures Entertainment Industry Investment Fund.

“The fund will focus on investment opportunities of high-quality companies in the movie and television entertainment industry chain, under the four key pillars of production development, celebrity resources, marketing and distribution, and advanced technology,” the partners said in a statement released on Monday.

Alibaba Pictures has invested in “Teenage Mutant Ninja Turtles: Out of the Shadows,” ” Star Trek Beyond” and “Mission: Impossible – Rogue Nation,” and is partnered with Skydance Media to finance and co-produce the WWII film “Flying Tigers,” with “Braveheart” writer Randall Wallace on board to script.

The partners did not specify whether the fund will target international investments. Alibaba Pictures will contribute a maximum of $75 million to the fund, with $225 million coming from Wuhu Gopher.

“In recent years, the Chinese entertainment industry, which has mainly been driven by movies, has undergone rapid development,” said Alibaba Pictures CEO Zhang Qiang. “Bountiful investment opportunities and immense room for integration have emerged both upstream and downstream of the industry value chain.”

Alibaba Pictures has also invested in three Chinese movies that are in production — “Ferry Man,” “Three Lives Three Worlds Ten Miles of Peach Blossom” and “Ao Jiao Yu Pian Jian.”

The announcement of the investment fund comes three days after Alibaba Pictures warned that its half-year losses will increase. The company blamed increased marketing costs at its online cinema ticketing business Tao Piao Piao, previously known as Taobao Movies.

More Film

  • Themba-Bhebhe

    Durban FilmMart’s Themba Bhebhe on Diversity: ‘We Are At a Crossroads’

    DURBAN–A new thematic strand at this year’s Durban FilmMart, Engage @ DFM, offers a series of think tanks and in-depth discussions concerning diversity and de-colonial approaches to and models for filmmaking. To head up the new initiative, the DFM tapped guest curator Themba Bhebhe, who has led the Diversity & Inclusion initiative at the last two editions of [...]

  • Durban Film Festival 2019 / Copyright

    South African Creatives Grapple Over Copyright Amendment Bill

    DURBAN–The South African government is planning to update its four-decade-old copyright legislation, but what that means for filmmakers was up for debate during a contentious and often heated session at the Durban FilmMart this week. While the Copyright Amendment Bill awaits the signature of President Cyril Ramaphosa, industry stakeholders remain divided over how the proposed [...]

  • 'The Lion King' Ruling Box Office

    'The Lion King' Ruling Box Office With Dazzling Debut at $180 Million

    Disney’s “The Lion King” has jolted the North American box office back to life with an opening weekend in the $180 million range, estimates showed Saturday. “The Lion King” will record the second-best opening of 2019 — and could replace “Incredibles 2,” which launched last year with $182.7 million, as the ninth biggest North American [...]

  • 'Tomb Raider' Star Simon Yam in

    'Tomb Raider' Star Simon Yam in Hospital After Stabbing

    Hugely popular Hong Kong actor, Simon Yam was stabbed while on stage Saturday at a presentation in Zhongshan, Guangdong province in southern China. He is in hospital recovering. The incident happened at the opening of a branch of the Beijing Easyhome building materials company, where Yam was a guest. A man was seen rushing on [...]

  • Brazilian President Jair Bolosnaro attends the

    Bolsonaro Threatens Brazil’s Central Film Fund with Censorship or Closure

    In typical shoot-from-the-hip remarks, Brazil’s far-right president Jair Bolsonaro has declared that Ancine, Brazil’s powerful state-backed federal film agency, should accept “filters”or face closure. “If it can’t have a filter, we’ll close Ancine, or privatize it,” Bolsonaro added, attacking Ancine, which plows some $300 million a year into Brazil’s film and TV industries, for supporting [...]


    Director Sara Gouveia on ‘Looking At Resilience Through Art’

    DURBAN–The Mapiko dance of Mozambique’s indigenous Makonde people was long used as a tool for social commentary. But during the colonial era it became an act of political resistance, prompting the Portuguese to stamp it out during Mozambique’s 10-year war for independence. Decades later, the art has been revived as a celebration of freedom. For [...]

More From Our Brands

Access exclusive content