What You Need to Know about Alibaba’s Film Business
Film production and digital entertainment is Alibaba’s (BABA) second-largest business, but it accounts for less than 10% of the company’s overall revenue. Alibaba’s entertainment business generated $832 million in revenue in fiscal 3Q18 (the quarter that ended in December 2017), representing a rise of 33%. The entertainment business contributed 6.5% of BABA’s overall revenue in the quarter.