New Alibaba Pictures CEO warns of ‘drastic changes’ in China’s film industry

Alibaba Pictures chairman Yu Yongfu has been named the company’s new CEO. A film industry outsider, Yu takes over the entertainment arm of Jack Ma’s ecommerce giant Alibaba Group ahead of what he says will be “drastic changes” for the industry. In a letter to employees, he wrote that weaker film and television companies will likely be pushed out of the market in 2017.

Lucas Niewenhuis Published December 7, 2016

Lucas Niewenhuis is the Newsletter Editor at The China Project. Previously, he has researched China-Africa relations at the Social Science Research Council, interned at the Council on Foreign Relations, and studied Chinese language and culture in Shanghai and Beijing. Read more

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