Pursuits
Alibaba to Invest in Paramount's `Star Trek,' `Ninja Turtles'
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Alibaba Pictures Group Ltd. agreed to invest in two Paramount Pictures movies as the Chinese company extends its foray into Hollywood.
The unit of e-commerce giant Alibaba Group Holding Ltd. will invest in "Teenage Mutant Ninja Turtles: Out of the Shadows" and "Star Trek Beyond," which will be released in North America this summer, according to a statement on Monday. Financial terms weren’t disclosed.