The move is part of ongoing restructuring at the e-commerce giant's troubled film unit
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In April, Huayi and STX agreed that they would jointly invest in a minimum of 18 movies before the end of 2017
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A total of 200 million yuan (32 mln U.S. dollars) has been invested into the film, which boasts the largest investment in post-production visual effects for a China-made movie
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'Snow Queen 3: Fire and Ice' is set to be a collaboration with Beijing's Flame Node Entertainment, marking the first time Chinese producers will have a say in a Russian movie
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Adaptations of the story have been among the top movies for the last two years
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Chinese companies seeking a global clientele will find it easier to reach worldwide TV audiences after the opening Thursday of a sales office in Beijing by CNN
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