Alibaba Pictures changes coach: Fan Luyuan takes over and Yu Yongfu serves as chairman and CEO

Recently, it was reported that Alibaba Pictures Group (referred to as "Alibaba Pictures") has changed coaches again. Just over two months after Fan Luyuan joined the Alibaba Entertainment Group and succeeded Yu Yongfu as CEO of Alibaba Pictures, Alibaba Pictures Group issued an announcement. Recently, it announced that from now on, Fan Luyuan will serve as chairman of the board of directors of Alibaba Pictures and concurrently serve as chief executive officer. Fan Luyuan also takes over the positions of chairman of the nomination committee and member of the remuneration committee. Yu Yongfu, the former chairman of the board of directors, will continue to serve as executive director of Alibaba Pictures.

According to public information, since the establishment of Alibaba Pictures, Fan Luyuan has served as an executive director and member of the executive committee of Alibaba Pictures, and has participated in major business decisions of Alibaba Pictures in the past. Fan Luyuan is also a pioneer in the ticketing business. In August this year, Fan Luyuan joined the Alibaba Entertainment Group Committee to jointly formulate and promote the development strategy of Alibaba Entertainment. He was in charge of work related to the Alibaba Entertainment and film industry. He replaced Yu Yongfu as CEO of Alibaba Pictures and reported to Yu Yongfu.

According to Alibaba Pictures 'latest announcement, in view of the company's clear strategic direction and continued business growth, since Fan Luyuan became CEO, he has demonstrated excellent management and leadership skills, as well as an in-depth understanding of promoting new infrastructure construction. Yu Yongfu decided to resign. Chairman, Fan Luyuan became chairman and CEO of the company.

It is understood that Yu Yongfu has high hopes for Fan Luyuan's joining. He said in a staff email that Alibaba Pictures is clearly positioned in the construction of new film infrastructure. Fan Luyuan has rich experience and excellent records in science and technology infrastructure related businesses. His arrival will definitely bring acceleration to the development of Alibaba Pictures. Since the establishment of Alibaba Pictures, Fan Luyuan has served as an executive director and member of the executive committee of Alibaba Pictures. He has participated in major business decisions of Alibaba Pictures in the past. He is also the founder of the ticketing business.

Since Yu Yongfu became chairman and CEO of Alibaba Pictures in December last year, Alibaba Pictures has made clear and resolute strategic direction to build a "new infrastructure for the film industry". Judging from the development of its ticketing, entertainment, and authorized treasure businesses, it has begun to achieve phased results. In the second quarter of this year and during the summer holidays, Taopiao has significantly increased its market share through cooperation with films such as "Wolf Warrior 2" and "The Legend of Wukong", becoming the leading online ticketing platform in China.

Fan Luyuan's resume:

Fan Luyuan, named Muhuali, 41 years old, from Liaocheng, Shandong. Joined Alibaba in 2007. Since the establishment of Alibaba Pictures, Fan Luyuan has served as an executive director and member of the executive committee of Alibaba Pictures, and has participated in major business decisions of Alibaba Pictures in the past. Fan Luyuan is also a pioneer in the ticketing business. In August this year, Fan Luyuan joined the Alibaba Entertainment Group Committee to jointly formulate and promote the development strategy of Alibaba Entertainment. He was in charge of work related to the Alibaba Entertainment and film industry. He replaced Yu Yongfu as CEO of Alibaba Pictures and reported to Yu Yongfu. On October 13, Alibaba Pictures Group announced that Fan Luyuan served as chairman of the board of directors and concurrently served as CEO of Alibaba Pictures. He also took over the positions of chairman of the nomination committee and member of the remuneration committee.

Editor: Xiongwei