AMTD IDEA Collaborates With Beijing Alibaba Pictures in Film, Entertainment Ventures

MT Newswires Live

02-06

AMTD IDEA Group (AMTD) and its World Media and Entertainment Group subsidiary said Thursday they have entered into a partnership with Beijing Alibaba Pictures Culture in the fields of film, entertainment, content, and fashion media.

Financial details weren't disclosed.

Beijing Alibaba Pictures Culture is a subsidiary of Alibaba Pictures Group, which operates under Alibaba (BABA).

The companies have pledged to collaborate on film investments, supporting the growth of the Chinese film industry, and fostering a long-term partnership in culture, entertainment, and fashion media areas.

AMTD shares were up 11.5% in recent trading.

Price: 1.14, Change: +0.11, Percent Change: +10.58

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