Alibaba goes to Hollywood

|About: Alibaba Group Holding Limited (BABA)|By:, SA News Editor

Not even Steven Spielberg is immune to Chinese moves into Hollywood.

The legendary director is teaming up with Jack Ma in a partnership that will help his Amblin Partners produce, finance and distribute movies in China.

Alibaba (NYSE:BABA), in turn, will rely on Amblin to become a bigger part of Hollywood's production and distribution scene.

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