Alibaba Pictures Strikes Cooperation Pact With Parent Alibaba

Read on: Variety.

Alibaba Pictures Group has struck a three year strategic co-operation deal with Alibaba, its parent corporation. The agreement is intended to establish a long term alliance for co-development and co-development, by pooling group resources. While it is majority controlled by Chinese e-commerce giant Alibaba, Alibaba Pictures Group has a separate stock market listing in both... Read more »