Alibaba's Subsidiary Commits HK$5 Billion Investment in Hong Kong's Film and Culture Industries
Monday, 11 March 2024, 12:22
Alibaba's Massive Investment in Hong Kong
Alibaba's media arm plans to invest HK$5 billion in Hong Kong's film and culture sectors over the next 5 years. This major financial commitment aims to revitalize these industries, with the potential to bring about substantial changes.
Industry Response
- Positive Reaction: Official welcomes the push for sector revitalization.
- Largest Funding: Federation of Hong Kong Filmmakers spokesman, Tenky Tin, describes the HK$5 billion investment as the largest he can recall from the private sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.