Alibaba Pictures Group lost $69.4 million (RMB456 million) in the six months to June as it used subsidies to build the market share of its Tao Piao Piao online ticketing commerce. The net loss was considerably larger than the same period last year,when the company only lost $22.7 million (RMB152 million,) and it dwarfed... Read more ยป
Source: variety.com