(106) China's largest e-commerce company Alibaba Group bought ChinaVision Media Group Ltd in late 2014, and subsequently renamed it to Alibaba Pictures Group. Since then, Alibaba Pictures has become a giant in film production and finance. 2015 saw Alibaba Pictures’ first investment in U.S. cinema, with their financial support of "Mission: Impossible: Rogue Nation". In 2019, Alibaba Pictures financed 23 films, accounting for one-fifth of China's total box office.
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