Tuesday, July 26, 2016

Alibaba Pictures launches US$300M investment fund amid sluggish box office figures

Alibaba Pictures is an asset the e-commerce aggressively builds across the film and television industry Alibaba Pictures, the Alibaba-backed entertainment firm,*announced the launch of a US$300 million investment fund on Monday, aimed at building assets across the television and*film production chain. The Hainan Pictures Entertainment Industry Investment Fund will be managed by China-based Wuhu Gopher...
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