Did you know Jack Ma emerged as big backer of Hollywood films in recent years?

Did you know Jack Ma emerged as big backer of Hollywood films in recent years?

Chinese tech billionaire and Alibaba co-founder Jack Ma, who is rumoured to have gone missing, has been a huge source of financial backing for Hollywood films over the past half a decade. Alibaba Pictures, which was set up by Ma's e-commerce giant Alibaba, has given a marketing push to Chinese films as well as invested money in films of that country. Importantly, Ma also ventured into Hollywood beginning in 2015, and one of the most successful films Alibaba Pictures has backed lately is the 2019 release "1917", the Sam Mendes triple-Oscar winner that also has Reliance Entertainment and Steven Spielberg's Dreamworks Pictures as producers.

source https://www.indiatvnews.com/entertainment/news/did-you-know-jack-ma-emerged-as-big-backer-of-hollywood-films-in-recent-years-676036
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