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Alibaba Pictures Launches $300M Investment Fund Amid Sluggish Box Office Figures

Alibaba Pictures, the Alibaba-backed entertainment firm, announced the launch of a $300 million USD investment fund on Monday, aimed at building assets across the television and film production chain. The Hainan Pictures Entertainment Industry Investment Fund will be managed by China-based Wuhu Gopher Asset Management, a division of Noah Holdings Ltd. In 2013 Gopher Asset Management participated in a […]