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Alibaba Pictures to Pay $167 Million for Damai, Chinese Live Events Firm, Signaling Group's Entertainment Reshuffle

Alibaba Pictures, the separately-listed film investment and distribution unit of China’s tech giant Alibaba behind recent box office hit “Lost in the Stars,” is to buy Damai. The target company is a major provider of live entertainment in the country that is currently controlled by the Alibaba parent company. The transaction is valued at $167 …
Li Jie Bona Film Group Shanghai Tingdong Film Co Yh Entertainment Group Alibaba Pictures Hong Kong Listed
Source: yahoo.com

China's $500-Billion Wedding Industry Suffers as Fewer Couples Tie the Knot | HNGN

In China, a reduction in marriages threatens the $500 billion wedding industry. (Photo: GREG BAKER / AFP via Getty Images) Two couples pose for wedding photos outside St Joseph's Church, also known as Wangfujing Catholic Church, in Beijing on Easter Friday on April 2, 2021.
Chen Feng Yuan Jialiang Ben Cavender Frank Chen Chow Tai Fook Jewel Wang
Source: hngn.com

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