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Alibaba Pictures Plans $1.6B Share Sale To Fund Acquisitions

By Abigail Rubenstein ( June 4, 2015, 11:21 AM EDT) -- Alibaba Pictures Group Ltd., the film production arm of China's e-commerce giant, said Thursday that it is planning a HK$12.18 billion ($1.57 billion) share placement in order to fund future media-related acquisitions....

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