Alibaba founder emerged as the big financial backing of Hollywood films
Alibaba founder emerged as the big financial backing of Hollywood films

Chinese tech billionaire and Alibaba co-founder Jack Ma, who is suspected to have gone missing, has been a huge source of financial backing for Hollywood films over the past half a decade. Alibaba Pictures, Ma ventured into Hollywood from  2015, and one of the most successful films Alibaba Pictures has backed lately is the 2019 release "1917", the Sam Mendes triple-Oscar winner that also has Reliance Entertainment and Steven Spielberg's Dreamworks Pictures as producers. 

2015 Tom Cruise-starrer "Mission: Impossible -- Rogue Nation" has biggest investment by Ma around  $170 million and earned a worldwide gross of almost $682.7 million. In 2016, Alibaba company invested in two Paramount Pictures productions, "Teenage Mutant Ninja Turtles: Out Of The Shadows" and "Star Trek Beyond". The first was produced on a budget of $135 million (without counting marketing costs) and the latter was made on a budget of $185 million and earned $340 million worldwide. 

In 2018, Alibaba Pictures backed Tom Cruise's "Mission: Impossible -- Fallout". Next is the Oscar-winning filmmaker Ang Lee's 2019 action film "Gemini Man". In 2019, Alibaba-backed "1917" made $368 million on a $95 million budget, reports a news agency. According to an article in The Hollywood Reporter published in 2019, Alibaba Pictures Group had extended a $103 million loan to the Chinese film studio Huayi Brothers Media, apart from investing in the production. 

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