Latest in Alibaba Pictures Group

In reporting its full-year 2017 earnings, Hong Kong-listed Alibaba Pictures Group said it recorded a 162% increase in revenues, to RMB 2.37B ($375M). However, it saw only a 1% improvement in net losses to RMB 950.3M ($150M). For the first time, the company recorded a slight profit in its content production segment…

Alibaba Pictures’ content business did well in the first six months of 2017 — but the entertainment e-commerce business drove the company in the period, it reports today. The film division of Jack Ma's Chinese e-commerce giant Alibaba saw revenues increase 313% to 1.06 billion yuan $161.1 million). But costs also…

Alibaba Pictures Group, the film division of Jack Ma's Chinese e-commerce giant Alibaba, reported a widely anticipated $139.2M net loss 2016. The company blamed the losses on higher marketing expenses put towards its online film ticket portal, Tao Piao Piao. In a regulatory filing released on Thursday, APG posted a…

Alibaba Pictures Group has entered a strategic, three-year cooperation agreement with its parent company Alibaba Group, which will see the companies pool together respective resources for "mutual benefit and reciprocity." APG, which is majority owned by Alibaba Group, made the announcement on Tuesday, specifying that…

The chief executive of Alibaba Digital Media & Entertainment Group plans to throw serious money at content: Yu Yongfu, the fast-rising tech exec who was appointed CEO in a reshuffle earlier this month, said in an internal email that the entertainment affiliate will invest more than RMB 50B ($7.2B) over the next three…

China’s Alibaba Pictures Group and Tencent Holdings have led a RMB 2.5B ($360M) funding round in Bona Film Group, valuing the leading Chinese production and distribution outfit at $2.2B. The investment is designed to help the company expand. It also comes following Bona’s delisting from the NASDAQ last April. At the…

Alibaba Pictures Group is making what it calls a “comprehensive organization and business model upgrade” that it hopes will morph it into a “content-based Goldman Sachs-type organization” that looks to be “hard-nosed” rather than “an adventurer.” In step with the newly stated goals, the film and TV division of Jack Ma…

A senior executive at Alibaba Pictures has been detained by Chinese police under alleged corruption charges. According to local Chinese media reports, Kong Qi, a VP of Alibaba Pictures and general manager of Tao Piaopiao, the company's online ticketing service, was detained by police in July under the suspicion…

Busy Alibaba Pictures Group has made an undisclosed strategic investment in Hehe Pictures Corporation. When the deal closes, Alibaba will hold a 30% stake in the Chinese film investment company, becoming Hehe’s second largest shareholder. Established in 2013, Hehe began focusing on film investment, distribution…

China’s Alibaba Pictures Group has signed Harry Potter producer David Heyman to produce Warriors, a live-action film based on the hit series of children and young adult novels following four clans of warring feral cats. Heyman’s role in the production was announced at an event in Beijing at the British Embassy held…

Alibaba Pictures Group Limited, which has been investing in several Paramount Pictures films since last year including Mission: Impossible – Rogue Nation, Teenage Mutant Ninja Turtles: Out Of The Shadows and Star Trek Beyond, reported a revenue increase of 1022% compared with the same six-month period the previous…

China’s growing movie market, plus multiple acquisitions and a stock offering, helped Alibaba Pictures Group to generate net profits in 2015 — reversing its 2014 loss — the company says today. The Beijing-based studio, a division of Jack Ma’s e-commerce giant which is listed in Hong Kong and Singapore, says it ended…