Damai Entertainment Holdings, formerly Alibaba Pictures Group, is shifting its focus from movies production to faster-growing ...

DAMAI Entertainment Holdings, formerly Alibaba Pictures Group, is shifting its focus from movies production to faster-growing entertainment segments targeting younger consumers – and investors are ...

The rebranding adds to Alibaba's "zoo", as some refer to the technology conglomerate's animal-themed businesses. It includes Tmall, represented by a black cat, and logistics unit Cainiao, which ...

Alibaba Pictures has a troubled year, but its cash-rich Chinese tech giant parent company says it is committed to the movie business ... Alibaba suspended the unit’s shares and issued a profit ...

as well as Alibaba Pictures, its film production unit. The latter division scored a victory in 2019 when "Green Book", a road trip movie it co-produced, won the Academy Award for Best Picture.