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CHINA’S BIGGEST INTERNET COMPANY TO ENTER FILM BIZ

September 19, 2014 by · Leave a Comment 

China’s mass-media giant Tencent, which operates the country’s dominant Internet company (the fourth-largest in the world after Google, Amazon and eBay), announced today (Friday) that it plans to enter motion picture production, with about four to five features annually. Its two principal competitors, Alibaba and Baidu, have already begun film production. Its film slate appears to be aimed at providing a spectrum of entertainment, from a feature evoked by a hit race-car online game to an adaptation of The Treasure Map, by Nobel Prize winner Mo Yan. In addition, the company has indicated that it plans to invest in several independent productions.