Alibaba Pictures Group Ltd, the film and entertainment unit of Alibaba Group Holding Ltd, plans to sell 4.2 billion shares at HK$2.90 apiece to raise HK$12.18 billion (US$1.57 billion) to finance media-related acquisitions, according to a regulatory filing. The price represents a 13% discount to its last close before the announcement. In 2014, Alibaba acquired […]

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