Shares in Alibaba’s Hong Kong-listed film production arm shot up more than a fifth on Wednesday after the group announced a possible asset injection that analysts say could solve Alibaba Pictures’ financial woes.
Parent Alibaba Group, the New York-listed Chinese ecommerce group, said it was discussing a “possible injection of our online movie ticketing business and our financing and investment platform for the production of movies and other media content into Alibaba Pictures”.
Both businesses under discussion for injection into Ali Pictures were founded in 2014 and are in the “early stages of development”, according to Alibaba, which added that there was no guarantee a deal would go ahead.
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