Biography Baidu will invest in a Los Angeles movie company

● In February, it was reported that Baidu would invest in a Los Angeles movie company, saying it would spend 40 million to build the largest animated movie "Goku" in Asia.

● In March, Alibaba acquired a nearly 60 %% stake in CultureChina Media for HKD6.244bn and established "Ali Pictures Inc.". In the same month, Ali low-profile "entertainment treasure" project, including "Little Time 3" , "The old boy Raptors cross the river", "Wolf Totem" and other popular films, and another unconfirmed news that Vice President of China Film Group, the famous producer Zhang Qiang has resigned, will be at the helm of airborne Ali Studios

● In April, Baidu launched the "Crowdfunding" channel and plans to start film and film financing

● In June, Tencent launched the "Greater Tiger" movie project, declaring that it will invest in a number of large-scale projects such as "Tian Tian Lions" and "Pirate Heroes 2"

● In July, Aiqiyi Pictures Co., Ltd. was established to launch the "Love 7.1" movie investment plan. In the same month, Ali reached a strategic agreement with Lionsgate Entertainment, a well-known entertainment company in Hollywood, aiming to establish "China Warner" (Yu Shu)