<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Alibaba+Pictures">Alibaba Pictures</a> has partnered with <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Amblin+Partners">Amblin Partners</a> and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Vincross">Vincross</a> has closed a $6 million Series A round.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Alibaba+Pictures">Alibaba Pictures</a> has partnered with <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Amblin+Partners">Amblin Partners</a> and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Vincross">Vincross</a> has closed a $6 million Series A round.
<h3 style="text-align: justify;">Amblin Partners forms partnership with Alibaba Pictures</h3>
Hollywood major Amblin Partners, a developer and producer of movies and television shows founded by Steven Spielberg, has partnered with <a style="color: #000080;" href="http://dealstreetasia.com/tag/alibaba-pictures" target="_blank">Alibaba Pictures</a>, an entertainment company part-owned by Alibaba that will see it gain the option to finance Amblin’s films.
Additionally, Alibaba will oversee the marketing, distribution, and merchandising of Amblin’s movies in China, which is <a style="color: #000080;" href="http://www.wsj.com/articles/china-to-overtake-u-s-as-worlds-biggest-movie-market-not-so-fast-1468919892" target="_blank">on trajectory to overtake the US as the largest movie market, though this growth has decelerated</a> due to an economic slowdown.
Alibaba also has its own video streaming platform in the form of Youku Tudou, acquired for a consideration of $4 billion in April 2016, which could serve to distribute Amblin films. Alibaba Pictures will also
Under this deal, Alibaba Pictures will also purchase a minority stake in Amblin and have a representative in its board of directors, with the move coming at a time as the demand for premium global content grow among Chinese consumers.
“I believe this collaboration can serve as a cultural bridge and have a positive impact on the next generation of Chinese consumers,” says Alibaba Group founder and executive chairman Jack Ma.
Alibaba Group has growing its presence in media and entertainment, with its <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/alibabas-jack-ma-seeking-stake-in-scmp-publisher-20931/">acquisition</a> of a the South China Morning Post and related M&amp;A activity and partnerships, as well as financing movie productions within China and internationally.
<h3 style="text-align: justify;">Vincross closes $6m Series A</h3>
Beijing-based <a style="color: #000080;" href="http://www.vincross.com/" target="_blank">Vincross</a>, a robotics startup company, has raised a $6 million Series A round led by <a style="color: #000080;" href="http://dealstreetasia.com/tag/gv-capital" target="_blank">GGV Capital</a>, with participation from ZhenFund.
The company intends to use the funds for recruitment and R&amp;D. This latest investment brings total funds raised to $7 million.
At the beginning of 2015, Vincross raised $1 million in angel funding from <a style="color: #000080;" href="http://www.zhenfund.com/en/about" target="_blank">ZhenFund</a>, which increased its stake in the latest round. Vincross also plans to launch a crowdfunding campaign for HEXA and commence mass production later this year.
Led by founder and CEO Sun Tianqi, Vincross is about to launch its first product, all-terrain robot HEXA, a six-legged robot-spider that can climb stairs in the market.
The all-terrain robot can reportedly walk, climb, and travel across rough terrain, making it suitable for scientific expeditions and with potential uses in firefighting and rescue operations.
According to a media release, developers can create skills for HEXA using the software development kit (SDK), which will soon be released. These can be sold on Vincrosss&#8217; Skill Store.
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Alibaba Pictures partners Amblin and robotics venture Vincross raises $6m.

China: Amblin partners Alibaba Pictures; Vincross closes $6m Series A

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China: Amblin partners Alibaba Pictures; Vincross closes $6m Series A

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