Alibaba has pledged HK$5 billion over 5 years for Hong Kong’s film and TV industry, focusing on production and talent development. They plan to co-produce films with local companies, potentially making Hong Kong its digital media unit’s second headquarters.
The initiative will include collaborations with Hong Kong firms such as Edko Films, Media Asia Group, and TVB. Additionally, Alibaba will fund scholarships for filmmakers at the Hong Kong Baptist University. They have already allocated funds for various projects including TV dramas and feature films.
Alibaba aims to support local talent and blend Eastern aesthetics with international perspectives. They are keen on nurturing the next generation of actors and creative talents to enhance Hong Kong’s unique pop culture and competitiveness in the global film market.
With plans to work on co-productions and engage with local companies, Alibaba is set to boost the development of Hong Kong’s film and TV industry, fostering new talent and contributing to the unique cultural landscape of the region.
