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11/22/2024 02:04:13 am

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Alibaba entertainment fund

A man walks past the logo of Alibaba (China) technology Co., Lth on August 12, 2005 in Beijing, China.

Alibaba to Raise $1.5B Cultural, Entertainment Investment Fund

Alibaba Group Holding announced on Monday its plan to raise 10 billion yuan ($1.5 billion) to target China's cultural and entertainment industries and establish a separate cultural and entertainment group.

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