BEIJING, CHINA, October 10, 2016: Steven Spielberg’s Amblin Partners and Chinese e-commerce giant Alibaba Group’s media arm announced a partnership Sunday to co-produce films for global audiences.
The deal adds to a multibillion-dollar string of Chinese ventures with Hollywood studios to capture more of the profits from China’s growing media market.
Alibaba Pictures will acquire a minority stake in Amblin Partners, the companies said. Amblin, co-owned by Spielberg, combines DreamWorks Studios, Participant Media, Reliance Entertainment and Entertainment One.
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No financial details were announced.
Alibaba, led by founder Jack Ma, is China’s biggest online commerce company and has expanded into entertainment with its 2014 acquisition of a 60 percent stake in a Hong Kong company that became Alibaba Pictures. Alibaba also owns the Youku Tudou online video service.
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The partnership “marks an important milestone in our globalisation strategy to reach Chinese and global audiences alike,” said Alibaba Pictures chairman Shao Xiaofeng in a statement. “We will also leverage Alibaba Group’s ecosystem as a channel for Amblin Partners’ films to reach hundreds of millions of Chinese consumers.” (VOA)
Alibaba Cloud, the cloud computing arm of the China-based Alibaba Group, on Wednesday announced to open a new data centre in India that will help nearly 51 million Small and Medium Enterprises (SMEs) to begin their Cloud journey.
The Alibaba data centre, set to open in Mumbai in January, will begin a new competition for the existing players like Microsoft and Google in the country.
Microsoft sees Alibaba as the third competitor in the Cloud business in India, apart from Google and Amazon Web Services (AWS).
“We are excited to be officially opening our new Mumbai data centre in early 2018, enabling us to work closely with more Indian enterprises,” Simon Hu, Senior Vice President of Alibaba Group and President of Alibaba Cloud, said in a statement.
“These local enterprises are innovative and operating in growth sectors, and we look forward to empowering them through our Cloud computing and data technologies,” Hu added.
As a key market in the company’s cloud’s globalisation strategy, India offers a business opportunity for rapid economic growth and scope for enterprises to expand beyond the country.
“Our vision to empower enterprises to go global is extended to our Indian clients with cloud products, including computing, storage and big data processing capabilities,” the company said.
The data centre will also enable Indian businesses to run their applications on the company’s Cloud platform.
The data centre’s service offerings include computing, database, storage and content delivery, networking, analytics and big data.
Alibaba Cloud has tied up with Global Cloud Xchange (GCX), a subsidiary of Reliance Communications, that enables direct access to Alibaba Cloud Express Connect through GCX’s “Cloud X Fusion” service.
The company had earlier also announced a partnership with Tata Communications to provide direct access to Alibaba Cloud Express Connect through Tata Communications’ IZOTM Private Connect Service.
Alibaba Cloud has 33 zones in 16 economic centres worldwide, with coverage extending across China, Hong Kong, Singapore, Japan, Australia, West Asia, Europe, India and the US.
“As we build the cloud network globally, India is another important piece that is firmly in place.
“This continues our commitment to India, helping it to develop trade opportunities with other markets in the region and beyond,” added Hu.
Alibaba Cloud would have a local team of consultants to provide service planning, implementation and after-sales support, helping Indian companies move to the cloud.
“This will extend what Alibaba Cloud is already doing to service thousands of customers from India globally,” the company said.
Set up in 2009, Alibaba Cloud is among the largest providers of public cloud services in China and one of the largest Infrastructure as a Service (IaaS) providers in the world. IANS