Subscription completed, officially changed its name to Ali pictures-culture China aliying industry, Alibaba, culture of China-IT information Subscription complete cultural China officially changed its name to Ali pictures

On June 25, culture of China issued a notice to confirm the Alibaba IPO of the company was completed on June 24, 2014, Ali held 60% shares of the company, the company officially changed its name to aliying.

Announcements, culture, acting Chief Executive Officer and Chairman of the Board of Directors of China Dong Ping and company President and the resignation of Executive Director Huang Qinghai, but Dong Ping will still act as an advisor for a period of 12 months.

Next appointments, cultural Bulletin of China stressed, Alibaba group, Vice President, Digital Entertainment Group President Liu Chunning to serve as non-Executive Director of China, is expected to take over Dong Ping into China's acting Chief Executive.

In March, the cultures enter into agreement with Alibaba, China, issued at HK $ 0.5 per share to Ali 12.488 billion new shares, worth $ 6.244 billion Japanese yen. After the transaction is completed, Alibaba would have a cultural China 60% (after the shares) shares and establish people acting in concert with cultural Chinese shareholders, own culture China 70.8% voting rights.

It is learnt that the culture was changed to Alibaba, China pictures, means that Alibaba's film and television businesses to come to the surface. At present, the international film star Jet Li has been an independent non-executive directors, cultural spring authorized China signing the Wong Kar-Wai film Ltd, investment priority access to Wong Kar-Wai film. Prior to this, cultural investments in China already have a CHOW, Peter Chan, who takes precedence.