Wants to invest in Hollywood
Ma says on a conference call that he plans to invest in Hollywood:
I want to come here looking for partners
Alibaba Film is in talks focused on buying a 34% stake in Lionsgate, but they are looking now for who they should be buying it from. Source:
And it’s not just Lionsgate they are talking to, so they are juggling a lot
The source says companies like Alibaba use a ‘Chinese abacus’ approach in deals:
People should be wary about assuming that these Chinese investors are just coming with the money… The Chinese abacus is always there, it’s not always evident, but it’s always there