Alibaba Pictures makes $150m cinema move

Alibaba Pictures makes its first move into China’s growing cinema business by investing $150 million in convertible bonds issued by Guangdong Dadi Cinema Construction.
<em>Mission: Impossible – Rogue Nation </em> was the first Hollywood blockbuster Alibaba Pictures invested in
<em>Mission: Impossible – Rogue Nation </em> was the first Hollywood blockbuster Alibaba Pictures invested in
May 15, 2016

As it prepares to release a series of self-produced films, Alibaba Pictures has made its first move into China’s growing cinema circuits business by investing Rmb1 billion ($150 million) in convertible bonds issued by Guangdong Dadi Cinema Construction.

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