China’s Alibaba To Invest $640M In Hong Kong Content Industry; Signs Strategic Partnership With Media Asia ...Middle East

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China’s Alibaba To Invest $640M In Hong Kong Content Industry; Signs Strategic Partnership With Media Asia
Chinese tech and media giant Alibaba is investing $640M (HK$5BN) into Hong Kong’s creative industries. The funding will come via multiple divisions in Alibaba’s Digital Media and Entertainment Group, including Alibaba Pictures and streaming platform Youku. The plan, called the “Hong Kong Cultural and Art Industry Revitalisation Program,” is a joint initiative of Alibaba and […]

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