Alibaba Pictures Posts $139 Million 2016 Loss

 /  Money  / 
The company blamed soaring sales and marketing of RMB 1.1 billion (US$159.6 million) for the expanded loss, which compared with an RMB 466 million net profit in the previous year. Read More

Alibaba Integrates Cultural, Entertainment Resources in Strategic Partnership with Alibaba Pictures

 /  News  / 
Alibaba Group, aggressive in seeking new growth engines amid the country’s economic slowdown, has been ramping up efforts to make inroads into the country’s entertainment industry in recent years. Read More

Alibaba Buys 30 Percent Stake in Hehe Pictures

 /  News  / 
Alibaba Pictures Group will acquire a 30 percent strategic stake in Chinese film investment company Hehe Pictures, becoming its second-largest shareholder. Read More