China’s Alibaba, Tencent Raise Stakes in Huayi Brothers in $560M Deal – Hollywood Reporter

China’s Alibaba, Tencent Raise Stakes in Huayi Brothers in $560M Deal

Chinese private film production company Huayi Brothers has announced that it has issued 146 million shares to the investment units of Alibaba, Ping’an Insurance, the internet company Tencent and the CITIC conglomerate.

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