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Taobao is going to compete with pdd holdings for young people.

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wallstreetcn11:57 ET

Fan Lu Yuan: In 18 years, Alibaba's big entertainment will reach third globally, only behind netflix and disney.

Sina Technology reported that on December 7th, early in the morning, on December 6th, Alibaba partner, and chairman and CEO of Alibaba's film and television entertainment group, Fan Luyuan, delivered a themed share at an internal meeting of Lingxi Interactive Entertainment. Fan Luyuan stated that within the next 15 to 18 years, Alibaba's film and television entertainment aims to become the third largest in the global entertainment industry. Why third in the world? Fan Luyuan explained, "I have thought about this for a long time. First is Netflix, which currently has a market cap of 400 billion dollars. Second is Disney, with a 100-year history. But why do I think there is an opportunity for third? Because from a global perspective, there is really a foundation for industrialization in the film and television entertainment industry, this kind of system investment."

Sina Technology11:51 ET

Fan Luyuan: Tencent and Netease's advantages will no longer exist within 5 years. Lingxi Interactive must become the second largest company in China.

According to Sina Technology, at an internal meeting of Lingxi Interactive Entertainment on December 6, Alibaba partner and chairman and CEO of Alibaba Entertainment Group, Fan Luyuan, made a keynote speech. Fan Luyuan stated that international business must be a priority for Lingxi Interactive Entertainment in the future. He determined that in the next five to ten years, 70% of the revenue in the global gaming industry may come from companies in China or products associated with partners of Chinese companies. Based on this future global strategy goal, Lingxi Interactive Entertainment must possess the ability for international productization. Additionally, AI must be integrated because the adaptation of games into films and films into games involves...

Sina Technology11:41 ET

Fan Luyuan: "Honor of Kings" has achieved today's success by drawing on "League of Legends".

Sina Technology reported that on the early morning of December 7, at an internal meeting of Lingxi Huanyu held on December 6, Alibaba partner and chairman and CEO of Alibaba Pictures Group, Fan Luoyuan, gave a keynote share. Fan Luoyuan stated, "I don't understand games, but I believe there are always certain规律. For example, the success of 'Honor of Kings' I believe is derived from the PC era's 'League of Legends', which has led to today's achievements, while the success of tactical shooting games, I believe, is inspired by the PC version of CS. Therefore, current games should not be termed as complete innovations, and do not assume that making minor innovations on a game that is well-received will lead to success."

Sina Technology11:33 ET