HONG KONG -- China's Alibaba Group Holding said Monday that it will invest at least 5 billion Hong Kong dollars ($640 million) in Hong Kong's entertainment sector over the next five years to support and strengthen the production of movies and other visual content.
Media & Entertainment
Alibaba to invest $640m in Hong Kong entertainment industry
Films and TV programs to receive support from China e-commerce giant
A statue of martial artist and actor Bruce Lee in Hong Kong harkens to the city's glory days as a filmmaking center. © Reuters
Read Next
Latest on Media & Entertainment
