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Shares of Ali Pictures surge more than 8% in Hong Kong to hit HK$0.465 at one point, marking the highest level in nearly two months.
The box office revenue of the new movie Lost In The Stars has exceeded 3.11 billion, making it ranking among the top 15 Chinese movies in terms of box office revenue in history.
The movie was jointly produced by As One Pictures (Beijing) Co., Ltd and and Shanghai Taopiaopiao Film and Television Culture Co., Ltd. Meanwhile, the two major distributor of the movie are Shanghai Taopiaopiao Film and Alibaba Pictures (Beijing) Co. Ltd, both of which are subsidiaries of Alibaba both belong to the company of Ali Pictures.
