bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

urlAlias

moreOnThisArticles

sponsorType

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

E-commerce giant Alibaba Group Holding has started its restructuring of ChinaVision Media Group with the appointment of a new chief executive, Zhang Qiang, with effect from yesterday.
ChinaVision has been renamed Alibaba Pictures Group.
Liu Chunning, a former Tencent Holdings executive who now heads Alibaba's digital entertainment business, is no longer the acting chief executive but will continue to be an executive director.
Hangzhou-based Alibaba paid HK$6.24 billion for a majority stake in ChinaVision in March.
The deal gives Alibaba access to ChinaVision's television dramas and films as it competes with other mainland internet titans including Tencent and Baidu for users.
Zhang has more than 25 years of experience in the media industry, according to a filing to the Hong Kong stock exchange.
He has been a vice-president of China Film since 2011 and was previously a deputy general editor of Beijing Television and chairman of Beijing Forbidden City Film.
Zhang is also the chief line producer of a number of films that posted successful box-office receipts, such as American Dreams in China and So Young.
Action film star Jet Li Lianjie is a non-executive director of Alibaba Pictures.
Alibaba is preparing for a long-awaited, high-profile initial share sale on Wall Street as early as next month after its efforts to be listed in Hong Kong failed.
Jack Ma Yun, the founder and chairman of Alibaba, led the company, a pioneer in the country's e-commerce sector, into the cultural industry.
Besides ChinaVision, Ma also reached a strategic cooperation deal with the Wasu Group and bought a stake in Youku-Tudou.
He acquired a 50 per cent stake in Guangzhou Evergrande Football Club for 1.2 billion yuan (HK$1.45 billion) in June, renaming the team Guangzhou Evergrande Taobao.
Ma once noted that China's cultural industry is worth the investment and the easiest sector to start with is entertainment.
Shares of ChinaVision jumped 5.7 per cent yesterday to close at HK$1.67, outperforming the benchmark Hang Seng Index which rose 0.2 per cent.


ChinaVision Media gets new chief in shake-up

Action film star Jet Li Lianjie is a non-executive director of Alibaba Pictures.

Business

Companies

Alibaba picks media veteran to head group acquired through HK$6.2 billion deal


E-commerce giant Alibaba Group Holding has started its restructuring of ChinaVision Media Group with the appointment of a new chief executive, Zhang Qiang, with effect from yesterday.


ChinaVision Media gets new chief in shake-up

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Alibaba picks media veteran to head group acquired through HK$6.2 billion deal

Alibaba picks media veteran to head group acquired through HK$6.2 billion deal