Chinese internet billionaire Jack Ma has joined forces with cinema legend Steven Spielberg to produce and distribute films, they announced, the latest major tie-up between China and Hollywood.
Alibaba Pictures, a unit of Ma’s sprawling e-commerce conglomerate, said it had taken a minority stake in Spielberg’s Amblin Partners, a film creation company that includes DreamWorks studios.
The deal will see the companies co-finance and co-produce movies for Chinese and international audiences, Alibaba said on its corporate website.




























