People ride a tandem bike past Alibaba Group's headquarters in China as Ali Pictures, a unit of the e-commerce giant, will raise HK$12.11 billion for media investment opportunities. Photo: Reuters People ride a tandem bike past Alibaba Group's headquarters in China as Ali Pictures, a unit of the e-commerce giant, will raise HK$12.11 billion for media investment opportunities. Photo: Reuters
People ride a tandem bike past Alibaba Group's headquarters in China as Ali Pictures, a unit of the e-commerce giant, will raise HK$12.11 billion for media investment opportunities. Photo: Reuters

China’s Ali Pictures raises HK$12.11 billion from share placement

People ride a tandem bike past Alibaba Group's headquarters in China as Ali Pictures, a unit of the e-commerce giant, will raise HK$12.11 billion for media investment opportunities. Photo: Reuters People ride a tandem bike past Alibaba Group's headquarters in China as Ali Pictures, a unit of the e-commerce giant, will raise HK$12.11 billion for media investment opportunities. Photo: Reuters
People ride a tandem bike past Alibaba Group's headquarters in China as Ali Pictures, a unit of the e-commerce giant, will raise HK$12.11 billion for media investment opportunities. Photo: Reuters
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