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Alibaba Jack Ma

Wants to invest in Hollywood

28 Oct, 2014

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