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China’s Alibaba Commits $640 Million to Hong Kong Film, TV Development

Alibaba, China’s e-commerce and entertainment conglomerate, said Monday that it is committing HK$5 billion ($640 million) over five years to the development of Hong Kong’s film and TV industries. The move was announced on the first day of FilMart, the annual rights market for the Asian industries, at an event attended by Fan Luyuan, chairman […]

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