Alibaba Pictures Group Limited (HK:1060) has released an update.
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Alibaba Pictures Group Limited has entered into a Commissioned Production Cooperation Framework Agreement with Youku Technology, both entities under Alibaba Holding, to collaborate on production services. This deal, lasting until March 2027, involves continuing connected transactions subject to specific reporting and review requirements. This strategic move could potentially strengthen Alibaba’s position in the media and entertainment sector.
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