Alibaba Group just announced its latest investment in China’s media and entertainment industry: an 8.8% stake in Beijing Enlight Media, one of the nation’s leading TV program and film producers, for RMB2.4 billion (around US$387m). The Chinese e-commerce giant has accelerated expansion into media and entertainment through investment or acquisition since 2014. Of these, the most interesting was its US$200 million investment in a Chinese soccer team, since renamed Guangzhou Evergrande Taobao Football Club.

Film, TV & Online Video

Box office returns reached RMB29.6 billion in 2014 (roughly US$4.8b), an 36% year-on-year increase driven by increasing numbers of new screens and movie goers, according to an report by market research firm Entgroup (report in Chinese). The online video market saw a 76% year-on-year growth in revenues, mainly from advertising, reaching RMB24 billion (roughly US$4bn) in 2014, according to research firm iResearch. It is expected the two sectors will continue fast growth.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com