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Alibaba Pictures
Alibaba Pictures Group is a Chinese film company under Alibaba Group. The film company was formerly ChinaVision Media, of which Alibaba Group bought a majority stake in late 2014. It subsequently renamed ChinaVision as Alibaba Pictures Group. Alibaba Pictures will distribute ''Wolf Totem'' and ''The Ferryman'' in 2015. By April 2015, it was the largest Chinese film company by worth, with a market value of US$8.77 billion and by June of the same year it was worth US$9.6 billion.
==Background==
In March 2014, Alibaba Group bought a 60% stake in ChinaVision Media for . Alibaba initially registered a film company in the following April with the name Alibaba Films Group before changing it to Alibaba Pictures Group later in the month. Two heads from ChinaVision were listed as directors of Alibaba Pictures. In June 2014, ChinaVision Media was officially renamed to be Alibaba Pictures Group. The following July, Zhang Qiang resigned as vice president of China Film Group to become the head of Alibaba Pictures. Later in the month, Alibaba Pictures entered agreements with filmmakers and film companies, including director Wong Kar Wai and the Hong Kong-based film production company Block 2.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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