Noted Hong Kong Wong Kar-wai will produce the debut movie of Alibaba Pictures, the film unit of e-commerce giant Alibaba.
This flick will be written and directed by Zhang Jiajia, who is hugely popular with young readers, and feature actor Tony Leung.
This venture is also the first to be green lighted by Alibaba Pictures Group since the stock-market-listed Chinavision was acquired by Alibaba and renamed.
The company revealed that it has also acquired international rights to Jean-Jacques Annaud’s “Wolf Totem” and the right to adapt “My Fair Princess.”
Prior to becoming Alibaba Pictures Group, Chinavision struck priority investment deals with Wong’s Block 2 company, Peter Chan Ho-sun’s We Pictures and with Stephen Chow. A recent report showed that Alibaba Pictures Group had paid RMB50 million for Chow to pitch five projects, all of which it had turned down.