Summary by Moomoo AI
Ali Pictures (ALI PICTURES) released its annual report for the fiscal year ended on March 31, 2024 and announced the completion of the acquisition of 100% of the issued shares of Pony Media Holdings Inc. (Pony Media), which was completed on November 30, 2023. The report indicated that Ali CV controlled by Alibaba Group Holding Limited (AGH) and Alibaba Investment together hold approximately 54.26% of the issued shares of Ali Pictures. The company complies with the contractual arrangements of operating companies in China to ensure the control and economic interests of Ali Pictures in certain business areas in accordance with foreign ownership restrictions. Ali Pictures follows corporate governance rules, but the roles of chairman and CEO are not separated and are held by Mr. Fan Luyuan...Show More