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ichphotos453604
Location: Guangzhou, Guangdong, China
Post Date: Dec 10, 2018 3:04 AM
TAG ID: ichphotos453604
Format: 2500 x 1875 Color JPEG
Credit: Imagine China/Newscom
Keywords: China, Chinese, Alibaba, Pictures, entertainment
Release Status: No Model Release, No Property Release
Caption:
View of the stand of Alibaba Group during the 2018 China Mobile Global Partner Conference in Guangzhou city, south China's Guangdong province, 7 December 2018. Alibaba's entertainment subsidiary Alibaba Pictures will issue 1 billion new shares to Alibaba at HK$1.25, in exchange for around HK$1.25 billion ($160 million), making Alibaba the largest shareholder of the company, it announced Monday. Alibaba Pictures' shares rose 8.94% in Hong Kong on Monday. Alibaba will control 50.92% of Alibaba Pictures shares, up from 49% after the transaction closed.
 
View of the stand of Alibaba Group during the 2018 China Mobile Global Partner Conference in Guangzhou city, south China's Guangdong province, 7 December 2018. Alibaba's entertainment subsidiary Alibaba Pictures will issue 1 billion new shares to Alibaba at HK$1.25, in exchange for around HK$1.25 billion ($160 million), making Alibaba the largest shareholder of the company, it announced Monday. Alibaba Pictures' shares rose 8.94% in Hong Kong on Monday. Alibaba will control 50.92% of Alibaba Pictures shares, up from 49% after the transaction closed.
 
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