Alibaba Pictures is investing $56.5m for 60% of the Yinhekuyu's shareholding, its sister company Youku already having taken a 20% stake.

Alibaba Pictures, the film-focused subsidiary of e-commerce group Alibaba, has paid RMB400m ($56.5m) for a 60% stake in China-based online entertainment provider Tianjin Yinhekuyu, DealStreetAsia has reported. Yinhekuyu creates short videos, films and web content and has collaborated with another Alibaba subsidiary, online streaming platform Youku, on a live entertainment show called Mars Intelligence Agency.…

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