Jack Ma, billionaire and chairman of Alibaba Group Holding Ltd., gestures as he speaks during the Special Conversation at the Global Engagement & Empowerment Forum on Sustainable Development (GEEF) in Seoul, South Korea, on Wednesday, Feb. 7, 2018. Alibaba has agreed to buy a stake in Dalian Wanda Group Co.'s cinema operator as billionaire Wang Jianlin's real estate-to-entertainment conglomerate turns to another Chinese tech giant and a government-backed company for investments totaling about 7.8 billion yuan ($1.2 billion). Photographer: Jean Chung/Bloomberg via Getty Images