Mubi, which recently planted a flag in the U.S. with the wide release of Coralie Fargeat’s “The Substance,” has welcomed Zhang Xin to its board of directors, as part of a new chapter for the rapidly expanding company which will also see Zhang’s New York-based film production and financing group Closer Media become an investor in Mubi.

A billionaire entrepreneur, Zhang co-founded Closer Media and previously co-founded Soho China, a construction giant in Beijing and Shanghai known for its iconic projects designed by leading architects from around the world. She left the company in 2022 and partnered with William Horberg, a veteran producer whose credits include “The Queen’s Gambit” and “The Talented Mr. Ripley,” to break into the media world.

A patron of the arts, Zhang also serves as a Trustee of MoMA, and is a member of both the Harvard Global Advisory Council and Asia Business Council.