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

MT Newswires Live

Feb 06, 2025

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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