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Alibaba's Film Subsidiary Is Losing A Lot Of Money
Wednesday, April 1, 2015 - 12:30pm | 229In an article published Tuesday, Variety's Asian Bureau Chief Patrick Frater reported that Alibaba Group Holding Ltd (NYSE: BABA) has seen its film studio record losses of $53.5 million in 2014, compared with a profit of $24 million prior to its takeover by Alibaba. Alibaba bought a majority stake...