Alibaba Pictures Losses Reach $165 Million

More than doubled revenue, better margins, and a tiny maiden profit at its content production arm helped Alibaba Pictures put a brave face on losses that grew to $165 million (RMB1.05 billion) in the 12 months to December 2017. The separately-listed company, contains most of Chinese e-commerce giant Alibaba’s interests in the film industry, but […]

from Variety http://ift.tt/2BVjm3V