Jack Ma, the billionaire this month described on the cover of Forbes magazine as “The Face of China Inc,” has allied himself with Peter Lam’s Hong Kong entertainment empire eSun through a complicated US$90 million joint investment pact.
The deal, which also has the support of China’s NASDAQ-listed internet portal Sina, has the potential to transform the fortunes in mainland China of eSun and its Media Asia film subsidiary. The deal also represents a significant change of entertainment industry bets by Ma.
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