Alibaba Pictures To Acquire 30% Of Chinese Movie Investment Firm Hehe Pictures

movieAlibaba Pictures Group is to acquire a 30% stake in Chinese film investment company Hehe Pictures to become its second largest shareholder, the firm announced today. The investment value was not disclosed. "Hehe Picture has made innovative progress in movie investment and distribution," said Zhang Qiang, chief executive of Alibaba Pictures. "We hope to explore […]

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Read the original article: China Money Network