Tag Archives: Universal Entertainment

Alibaba Eyes Hollywood: Investment Coming?

Alibaba’s Jack Ma heads for Hollywood

New reports are saying that Alibaba (NYSE: BABA) CEO Jack Ma, flush with cash just weeks after his company’s blockbuster New York IPO, is headed to  Hollywood to talk deals with the industry’s top players. The reports focus mostly on the potential for new content-purchasing deals, as Alibaba looks for a spot in China’s booming market for movies and online video. But what caught my attention was a brief mention in the reports that Ma may be looking for something bigger on his trip, namely a stake in a major or mid-sized Hollywood studio. Read Full Post…