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China's Alibaba Poised To Invest $7.2 Billion in Entertainment and Media (variety.com)

Posted by msmash on from the emerging-powers dept.

Alibaba Digital Media and Entertainment, part of Chinese e-commerce giant Alibaba, is planning to invest $7.2 billion in entertainment and media over the next three years. From a report on Vulture, submitted by an anonymous reader: The plan is being spearheaded by Yu Yongfu, who joined the Alibaba parent group in 2014, and in a meteoric rise has come to head the digital group. He also recently took over as chairman and CEO of Alibaba's listed film making subsidiary Alibaba Pictures group. A former financier with Legend Capital and seasoned technology executive, Yu said in the email that he "did not come to play." He pledged to invest in content.

14 comments

  1. Chinese Terminator and Star Wars by Anonymous Coward · · Score: 0

    Always wanted to see that. Will be miles better than the shitty rogue one.

    1. Re:Chinese Terminator and Star Wars by Anonymous Coward · · Score: 0

      OH man, you gotta see the knockoff cartoons. One of which is literally copied beat for beat from Cartoon Network's "Gumball"

      https://youtu.be/-ZBeMbGAjTU

      So much effort into copying...

    2. Re: Chinese Terminator and Star Wars by Anonymous Coward · · Score: 0

      I don't understand why would they copy that shit, star wars for example. They can do so much better

  2. Cheap clothing by Anonymous Coward · · Score: 0

    Thanks to Alibaba we now know how many decades we have been ripped off here in the west. They are selling pallets of shirts at $3 per unit and we have to buy them at the store for $60+. No longer.

    1. Re:Cheap clothing by Anonymous Coward · · Score: 0

      There are plenty of stores in America that will sell shirts for 5 bucks or less.

      If you want to buy your shirts at [INSERT_PREPPY_TEEN_STORE] or [INSERT_BUSINESS_CLOTHES_STORE], you're more than welcome to pay 60+ also. Choices! You always had them!

    2. Re:Cheap clothing by __aaclcg7560 · · Score: 1

      They are selling pallets of shirts at $3 per unit and we have to buy them at the store for $60+.

      Go buy yourself ten shirts for $50.*

      http://6dollarshirts.com/

      * Larger shirt sizes cost extra.

    3. Re: Cheap clothing by Anonymous Coward · · Score: 0

      Name one

  3. Faraday Future by Anonymous Coward · · Score: 0

    Money talks, bullshit walks.

  4. Dot Com Bubble 2.0 by limaxray · · Score: 0

    $7.2 billion, eh? With the amount of billions the tech sector has been tossing around it's almost as if dollars grow on printing presses...

    This bubble popping is going to be spectacular.

  5. ... and TRUMP holdings by Anonymous Coward · · Score: 0

    because the Orange ruelz!

  6. Knockoff Movies. by sethstorm · · Score: 1

    Not only can you get them at flea markets, you can now see them in the theater.

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    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  7. .com actually had jobs for US citizens. by sethstorm · · Score: 1

    Doesn't mean anything if it's not resulting in US jobs.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  8. Quality vs. price by DrYak · · Score: 1

    Thanks to Alibaba we now know how many decades we have been ripped off here in the west. They are selling pallets of shirts at $3 per unit and we have to buy them at the store for $60+. No longer.

    You know, there exist such a thing as a T-Shirt that won't get completely destroyed the first time you put it into a washing machine, and that won't be torn beyond any recognition by the 5 time you wear it.
    Actual good quality clothes that can stand a bit of abuse and still be useful.
    They tend to cost a tiny bit more that 3$ (and aren't necessarily produced in China).

    But then, *those* are going to be charged $120+ at the store, so your point still stands.

    --
    "Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]
  9. Aunt Edith by Anonymous Coward · · Score: 0

    Don't waste yo money, Yu Yongfu!