Fan Luyuan joined Alibaba Entertainment as CEO of Alibaba Pictures

On August 2, Yu Yongfu, chairman and CEO of Alibaba Culture and Entertainment Group (referred to as Alibaba Entertainment), announced that Alibaba partner Fan Luyuan (known as Mu Huali) will join the Alibaba Entertainment Group Committee to jointly formulate and promote the development strategy of Alibaba Entertainment.

On August 2, 2017, Yu Yongfu, Chairman and CEO of Alibaba Culture and Entertainment Group (referred to as Alibaba Entertainment), announced that Alibaba partner Fan Luyuan (known as Mu Huali) will join the Alibaba Entertainment Group Committee to jointly formulate and promote the development strategy of Da Entertainment. Fan Luyuan will be in charge of work related to the Alibaba Entertainment and Film Industry, replacing Yu Yongfu as CEO of Alibaba Pictures Group Corporation (referred to as Alibaba Pictures), and reporting to Yu Yongfu.

Yu Yongfu said that Alibaba Pictures is clearly positioned in the construction of new film infrastructure. Fan Luyuan has rich experience and excellent records in technology infrastructure related businesses. His arrival will definitely bring acceleration to the development of Alibaba Pictures.

Fan Luyuan joined Alipay in 2007 and has served as senior director, assistant to the president, vice president, and senior vice president of the Development Planning Department. He once served as president of Ant Financial Group's Alipay business group and president of wealth business group.

Fan Luyuan has rich experience in the development and operation of Internet products and services. He once led the team to pioneer fast payment in the industry, launch Yu 'ebao, the largest Internet financial product in China, and led the team to build Alipay into a super APP that is widely popular among users. Jing Xiandong, CEO of Ant Financial Services Group, said that Fan Luyuan, as a pioneer of Alipay, has made great contributions to the development of Alipay and Ant, as well as to the development of mobile payment in China. Having fought side by side with him for eight years, I have become far more than a colleague, but also a friend and brother. "We send him off to his new position in the group to continue to expand his territory, continue to work hard for the common mission, and run together, brother!"

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.

Taobao has developed rapidly since its launch and has now become the largest online ticketing platform in China. As a new infrastructure for China's film industry, ticketing has occupied an important market share in film publicity, marketing promotion and user access.

On the same day, Alibaba Entertainment announced the establishment of a game business leading group to organize, plan and promote the development of the game business of Alibaba Entertainment. Fan Luyuan also served as the leader of the leading group.

Attachment: Yu Yongfu's internal letter to all members of Alibaba University Entertainment-

Welcome Lao Fan to join Alibaba University

Entertainment and

share a good news with everyone. In order to further strengthen the organizational capabilities of the Grand Entertainment Group, Fan Luyuan (named Muhuali) will join Alibaba Grand Entertainment from now on after repeated applications with the Grand Entertainment Group and final approval. Let us warmly welcome you together!

At the same time, the following appointments were made: 1. Appoint Lao Fan to join the Alibaba Entertainment Group Committee to jointly formulate and promote the development strategy of the company and help the organization grow continuously. Lao Fan reported to me.

2. Appoint Lao Fan to take charge of work related to the entertainment and film industry, and Lao Fan will succeed me as CEO of Alibaba Pictures, fully responsible for the business development of Alibaba Pictures. Lao Fan has served as a director and executive committee member of Alibaba Pictures since its establishment. He has participated in major business decisions of Alibaba Pictures in the past and is the founder of the ticketing business. Lao Fan has rich experience and excellent records in technology infrastructure-related businesses. Alibaba Pictures is clearly positioned in the construction of new film infrastructure. I believe that Lao Fan's rich experience and promotion capabilities will definitely bring acceleration to the development of Alibaba Pictures.

3. Establish a leading group for the big entertainment game business to organize, plan and promote the development strategy of the big entertainment game business, and appoint Lao Fan as the leader of the big entertainment game business leadership group.?

Lao Fan is a partner of Alibaba and has made important contributions to the development of Ant Financial in the past ten years. He hopes that Lao Fan can fully demonstrate his talents, innovate and make breakthroughs in the new battlefield of Da Entertainment, and lead the team to achieve one outstanding achievement after another.!

Let us welcome Lao Fan once again and work together to create a better future!?

Yu Yongfu

August 2, 2017

Editor: Mary