• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

3

Current price of silver as of Tuesday, July 14, 2026

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

3

Current price of silver as of Tuesday, July 14, 2026
Arts & EntertainmentChina

Inside Steven Spielberg and Jack Ma’s Strange Partnership Announcement

By
Scott Cendrowski
Scott Cendrowski
Down Arrow Button Icon
By
Scott Cendrowski
Scott Cendrowski
Down Arrow Button Icon
October 10, 2016, 6:20 AM ET
Steven Spielberg (L), film director and Chairman of Amblin Partners and Jack Ma, Chairman and chief executive of Alibaba Group attend an event to announce partnership between Alibaba Pictures Group Limited and Amblin Partners, in Beijing
Steven Spielberg (L), film director and Chairman of Amblin Partners and Jack Ma, Chairman and chief executive of Alibaba Group attend an event to announce partnership between Alibaba Pictures Group Limited and Amblin Partners, in Beijing, China, October 9, 2016. REUTERS/Shirley FengPhotograph by Shirley Feng—Reuters
Add Fortune on Google for similar content.

To celebrate Steven Spielberg’s production company Amblin Partners accepting a minority investment from Jack Ma’s Alibaba Pictures, the two sides staged a press conference in Beijing on Sunday.

There were no details about the deal released. Instead, they highlighted the cooperation between sides—one, an eminence in Hollywood, the other, China’s top tech titan—that will result in co-produced movies for both Chinese and global audiences. Alibaba and Wanda Group, which is in the running to buy Dick Clark Productions, are fighting for influence in the world’s second largest box office market.

But what was intended as Hollywood boilerplate banter between Jack Ma and Steven Spielberg on stage Sunday came out mostly as a disjointed, halting, and at times strange half an hour exchange.

“I’ve always felt myself [that] I’ve looked like an alien,” Spielberg said early on. “A lot of people feel alienated from everyone else. And that’s why sometimes films find an audience. I think all of us privately feel like aliens.”

Spielberg’s treatment of alienation in general, and more specifically his 1982 hit film E.T. the Extraterrestrial, came up in the beginning of the press conference. Not only because is popular within China, but also because on Chinese social media Jack Ma’s appearance is regularly subject to snide comparisons to that of an extraterrestrial.

Moderator Jiang Xiaohan, the host of CCTV’s film channel, asked Ma, “How do you feel about people calling you ‘alien’ all the time?”

“I absolutely don’t have any superpowers,” Ma answered. “I share with the aliens the E.T. We’re both strange looking and we’re both very kind. But I’m very excited to make this deal with Steven because I never thought in my life I’d see this legendary director.”

Amblin, formerly DreamWorks Studios, is Spielberg’s production company. Before rebranding itself after an injection of financing from Comcast (CMCSA) last year, its slate of movies had disappointed over previous years. But it has found success in China, thanks to prototypical global blockbusters like Jurassic World, and its recasting of U.S. disappointments like Need for Speed to a Chinese audience.

With Alibaba Pictures, a subsidiary of Alibaba Group (BABA), Spielberg’s group gets an eager Chinese partner. In its bid to become a player in the world’s second largest box office market, Alibaba has been financing handfuls of Hollywood movies while operating a popular online ticket system.

 

The moderator Jiang on Sunday asked how their co-productions would bridge the cultural differences between the East and West. Eastern cultures are known for collectivism, she explained, while the West prizes individualism and superheros.

“Right now the superhero movie is what’s popular all over the world. Not just China,” Spielberg responded. Plus, he added, “I don’t make a lot of superhero movies.”

“I think that China and USA in the west, there are cultural differences,” Ma said. “But I don’t see any human, value difference between West and East. The only difference is the West can tell the story better than Chinese. “

Ma went on.

“You guys in the morning say, How is the weather? We ask, Have you had breakfast? This is the big difference, because we’ve been hungry for so many years,” he said. “But in the U.S., you guys go hunting; hunting you need to get up early, you want to see good weather. So we have a culture difference, but the human values are all the same.”

The unusual example of cultural differences was followed by a fluff question that yielded a similarly bizarre answer.

The moderator asked: what if Spielberg and Ma switched roles? What kind of movie would Ma make?

Ma answered that he’s already made a film. “I’ve been directing Alibaba for so many years. This is the piece I told 10 years ago my colleagues: Alibaba, Taobao, Alipay is a piece of art to give to the world. It’s a movie. It’s everybody’s teamwork.”

The moderator asked if Alibaba’s a film, what’s the climax?

“We survive. Long, healthy, and happy,” he said.

And five minutes later, the press conference was over.

About the Author
By Scott Cendrowski
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Arts & Entertainment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Arts & Entertainment

Twelve states sue Paramount over $81 billion Warner Bros. merger, arguing it would ‘extinguish competition’ and lead to lower quality shows
LawWarner Bros. Discovery
Twelve states sue Paramount over $81 billion Warner Bros. merger, arguing it would ‘extinguish competition’ and lead to lower quality shows
By Wyatte Grantham-PhilipsJuly 14, 2026
7 hours ago
camera
Arts & EntertainmentGen Z
Gen Z’s analog obsession is reviving a film camera market that digital killed
By Rotem Rozental and The ConversationJuly 14, 2026
20 hours ago
e
Arts & EntertainmentSocial Media
American influencers turn Erling Haaland into the World Cup’s breakout brand
By Kaitlyn Huamani and The Associated PressJuly 13, 2026
1 day ago
Disney bet big on one of its most popular franchises and most-streamed movie. The live-action remake failed to make a big splash
Arts & EntertainmentMovies
Disney bet big on one of its most popular franchises and most-streamed movie. The live-action remake failed to make a big splash
By Lindsey Bahr and The Associated PressJuly 12, 2026
2 days ago
Photo of Phoebe Gates
Startups & VentureEntrepreneurs
‘I have a chip on my shoulder.’ Phoebe Gates wants her $185 million AI startup Phia to succeed with ‘no ties to my privilege or my last name’
By Sydney LakeJuly 11, 2026
4 days ago
A 12-person PR firm represents De Niro, Pacino, and billion-dollar clients. Its founder says the secret is staying small
SuccessPublic relations
A 12-person PR firm represents De Niro, Pacino, and billion-dollar clients. Its founder says the secret is staying small
By Sydney LakeJuly 11, 2026
4 days ago

Most Popular

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
11 hours ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North America
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
9 hours ago
Current price of silver as of Tuesday, July 14, 2026
Personal Finance
Current price of silver as of Tuesday, July 14, 2026
By Joseph HostetlerJuly 14, 2026
18 hours ago
United States' $39 trillion national debt will mean fewer jobs at lower wages for Gen Z, according to think tank
Economy
United States' $39 trillion national debt will mean fewer jobs at lower wages for Gen Z, according to think tank
By Eleanor PringleJuly 14, 2026
16 hours ago
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
3 days ago
Current price of gold as of July 14, 2026
Personal Finance
Current price of gold as of July 14, 2026
By Danny BakstJuly 14, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.