Alibaba Pictures Invests In China’s Second Largest Cinema Operator

dadiAlibaba Pictures made its first foray into China’s booming cinema industry by subscribing to a RMB1 billion (US$153 million) convertible bonds issued by Guangdong Dadi Cinema Construction, says a company announcement. If fully converted, the film and entertainment arm of Alibaba Group Holdings Ltd. will own 4.76% of Dadi Cinema, the second largest cinema firm […]


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