Alibaba Pictures

Say ‘Annyeong-Haseyo’ to the Hallyu star of stocks

SINGAPORE (Oct 13): RHB is initiating coverage on South Korean move producer Spackman Entertainment Group with a “buy” recommendation and price target of 22 cents, noting the group is “probably in the best health since its IPO” in mid-2014 while presently trading at a significant discount to peers.

In a Thursday report, analyst Jarick Seet says Spackman is “primed for a strong turnaround”, especially given a strong interest of Chinese firms in South Korean content providers in the last five years.

Spackman sells China distribution rights of 'Life Risking Romance' to Alibaba

SINGAPORE (July 25): Spackman Entertainment Group says that Alibaba Pictures, the flagship unit of Alibaba Group’s entertainment business, has purchased the rights to distribute a film from Spackman’s majority-owned subsidiary, Novus Mediacorp, for an undisclosed sum.

Alibaba Pictures’ distribution rights cover both movie theatres and online platforms in China.

China’s virtual reality market will be worth US$8.5 bil and everyone wants a piece

virtual reality (VR)

BEIJING (May 6): Hip-hop dancers, military marchers and daredevils in winged suits are bringing China’s Internet titans into the world of virtual reality.

These video stars have joined South Korean pop idols and animated fireflies as central players in a US$1.1 billion ($1.5 billion) global VR spending spree that’s being fueled by Alibaba Group Holding Ltd, Tencent Holdings Ltd and Baidu Inc.

Categories: 

Be informed of the stories that matter