China: Alibaba unit to acquire 30% stake in Hehe Pictures

China: Alibaba unit to acquire 30% stake in Hehe Pictures

Images Of Chinese Yuan Banknotes. Photo: Reuters

Alibaba Pictures, an entertainment company partly-owned by Alibaba, will acquire a 30 per cent stake in Hehe Pictures, according to various media reports. The deal value was not disclosed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter