Photographer: Robyn Beck/AFP via Getty Imgaes

Jack Ma Teams With Arch-Foe Tencent on China, Hollywood Films

  • Group picks up nursing-home developer at steep discount
  • Jiuhao will become a global movie production vehicle

Tencent Holdings Ltd., e-commerce billionaire Jack Ma and movie studio Huayi Brothers Media Corp. will pool their assets and create a Hong Kong-listed company to develop films and entertainment for China and abroad.

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