Alibaba Pictures co-launches $300m entertainment fund

Jul 26, 2016 • Robert Lavine

Alibaba's film production and distribution subsidiary will invest up to $75m in the investment fund, with $225m to come from Gopher Asset.

Alibaba Pictures, the motion picture subsidiary of e-commerce and internet group Alibaba, has launched a RMB2bn ($300m) entertainment investment fund with Wuhu Gopher Asset Management, Hollywood Reporter reported yesterday.

Hainan Alibaba Pictures Entertainment Industry Investment Fund will make “investments in companies along the value chain of the movie and television entertainment industry, creating synergies with Alibaba Pictures’ own capital,” according to a joint statement.

Alibaba is providing up to $75m of the capital for the fund while asset manager Gopher…

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