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The China Edit | Anti-Corruption Backfires, Alibaba to Produce Films

This week, Xi Jinping’s anti-corruption campaign appears to be doing more harm than good and Jack Ma's Alibaba Group's film unit will co-produce and finance films for global and Chinese audiences with Steven Spielberg's Amblin Partners.  
Jack Ma | Source: Wikimedia Commons
By
  • Limei Hoang
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"China Anti-Corruption Campaign Backfires" (Financial Times)
"Xi Jinping's high profile anti-corruption campaign has fallen short of its stated goal and appears to be doing more harm than good to the image of China's Communist party."

"Alibaba Pictures, Amblin to Co-Produce Films" (Reuters)
"Steven Spielberg's Amblin Partners and Alibaba Pictures Group Ltd, the film unit of Chinese billionaire Jack Ma's Alibaba Group Holding Ltd, will co-produce and finance films for global and Chinese audiences."

"With Its Tourists Behaving Badly, China Embarks on Some Soul-Searching" (New York Times)
"Such episodes during the recent National Day holiday have produced a flurry of photographic postings and a spasm of soul-searching in China, highlighting anxieties over the habits and image of tourists at home and abroad in a nation that is increasingly cash-rich but, some say, short on manners and experience with the outside world."

"Wal-Mart Fails to Subdue JD.com, Bears With Short Bets at Record" (Bloomberg)
"Not even a stronger alliance with the world's largest retailer was enough to convince short sellers that JD.com Inc.'s recovery will last."

"China's CSC Buys Into UK AI Talent with Incubator" (Financial Times)
"CSC Group is helping to fund an artificial intelligence incubator in Britain, the latest sign of a boom in Chinese tech investments abroad."

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