Business Daily Media

Men's Weekly

.

Alibaba Pictures' "Lost in the Stars" Emerges as Summer Box Office Sensation in Resurgent Chinese Film Market

HONG KONG SAR - Media OutReach - 6 July 2023 - Mainland China's film market has long been one of the most dynamic and promising in the world, and in the first half of this year, the Chinese film market experienced an exciting recovery.

In particular, the recent release of "Lost in the Stars" (消失的她), in which Alibaba Pictures Group Limited (Stock code:1060, referred to as the "Company") was heavily involved in the investment and distribution, has generated significant buzz at the box office and created a wave of movie-going frenzy. In just over 10 days since its release, the film's box office receipts have exceeded RMB2.7 billion, equivalent to 9% of China's total box office revenue last year, making it a dark horse at the box office and the opening of the summer season for the Company.

"Lost in the Stars" leads the way in the summer box office

As the primary producer, distributor, and promoter of the film, Alibaba Pictures has achieved a full-scale deployment in the production and marketing chain of "Lost in the Stars", including investment, distribution, ticket sales and other aspects. "Lost in the Stars" is also the prelude to the Company's rich lineup of 16 films for the summer season. The strong start to the season once again demonstrates the Company's forward-looking planning in the content industry and the continuous improvement of its production and development capabilities.

After the Dragon Boat Festival, the summer box office season kicked off, and the number of scheduled films has exceeded 90 and continues to grow, making this year's film market performance highly anticipated. According to data from Beacon Professional, as of 4pm, July 6, the total box office revenue (including pre-sales) of this year's summer box office had exceeded RMB5.626 billion. The film "Lost in the Stars", released by Alibaba Pictures and Taopiaopiao, continued its momentum as a dark horse at the box office during the Dragon Boat Festival, leading the summer box office. As of 4pm, July 6, the box office receipts of "Lost in the Stars" had exceeded RMB2.728 billion, making it one of the hottest films of the summer, and it is expected to become the top grossing film in the summer box office and post the largest attendance record in the past three years.

Alibaba Pictures continues to expand its presence in the entertainment industry

Alibaba Pictures has strong capabilities in film production, distribution, and promotion, and will further strengthen its presence in the pan-entertainment industry by enhancing its dual-engine strategy of "content and technology", while building out its own unique entertainment ecosystem. The Company is making significant investments in a full range of entertainment content and enhancing its capabilities to produce a broader range of content, including film and drama series content, with a view to steadily delivering high-quality content to the market. It is also expanding the scope of its technology platform services and exploring business opportunities associated with digital humans and multiple business models for IP merchandising and commercialization, in order to provide consumers with a richer, better and more tangible product experience. Moreover, the Company is actively promoting its collaboration and cooperation within the Alibaba ecosystem, such as online live streaming, online ticketing, and film merchandising, to unlock the potential of "content + technology".

In addition to investment and product layout, the Company also emphasizes cooperation and communication within the industry. Through cooperation with domestic and overseas film companies, directors, actors, and others, it brings more international elements to the development of China's film industry and enhances the international visibility and influence of Chinese films.

In the future, with the recovery of China's film market, Alibaba Pictures will continue to adhere to its dual-engine strategy and innovative spirit, strengthen cooperation with all parties, and continuously promote the development of China's film industry to bring greater returns to investors.

Hashtag: #AlibabaPictures

The issuer is solely responsible for the content of this announcement.

About Alibaba Pictures

Alibaba Pictures is listed on the main board of The Stock Exchange of Hong Kong Limited (stock code: 1060). It is an Internet-driven integrated platform that covers content production, promotion and distribution, IP licensing, cinema ticketing management, and data services for the entertainment industry.

Alibaba Pictures' company website:

News from Asia

Wildberries tests ready-to-eat food delivery from restaurants

MOSCOW, RUSSIA - Media OutReach Newswire - 16 July 2025 - Wildberries, a leading digital platform in Eurasia, is launching a pilot service for express delivery of ready-made meals from restaurants...

MSIG Hong Kong’s 2024 Claims Report announces multi-year growth in its claims settlement ratio and highlights award-winning claims processing innovation

94.5% claims settlement ratio was achieved amidst a difficult business environment First year that two categories – Employees' Compensation Hong Kong and Marine - saw settlement ratios of 100% D...

Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business

HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company" and together with its subsidiaries, the...

Biotech Breakthroughs in Anti-Aging: Decoding the Hallmarks of Aging and the Longevity Code

The Hong Kong Society of Cosmetic Chemists (HKSCC) Invites Swiss Biotech Expert to unveil scientific truths behind aging Clinical Evidence Confirms Anti-Aging Efficacy of Plant-Based Stem ...

This Summer, Take a Break with a Brick. Join LEGO® Group and Minifigure "Lok Jai" on a Joyful Journey Across 8 "Fun Spots" Explore Hong Kong’s Map of Happiness and Make the Most of Your Holiday

HONG KONG SAR - Media OutReach Newswire - 16 July 2025 - This summer, LEGO® Group teams up with popular minifigure Lok Jai to invite everyone in Hong Kong—young and old—to "Take a Brick" and enjoy...

SY Holdings Issues Positive Profit Alert for 1H 2025: Net Profit Expected to increase by approximately 20%, Platform-Based Tech Revenue Share Surpasses 50%

SHENZHEN, CHINA - EQS Newswire - 16 July 2025 - SY Holdings Group Limited ("SY Holdings" or the "Group", Stock Code: 6069.HK), a leading digital-intelligence technology company focused on "AI + Ind...

SUNRATE Awarded In CNBC’s World’s Top Fintech Companies 2025 List

SINGAPORE - Media OutReach Newswire - 17 July 2025 - SUNRATE, the global payment and treasury management platform, announced today that it has been included in the prestigious CNBC's list of the W...

Reshaping Global Lubricant Supply Chains: Trump-Era Tariffs Driving Industry Pivot Toward Asia

SINGAPORE - Media OutReach Newswire - 17 July 2025 - With the global lubricants industry still adjusting to the lasting impact of U.S. trade policy enacted during the first presidential term ...

Southco Adds New Options To Its E5 Line Of Cam Latches

HONG KONG SAR - Media OutReach Newswire - 17 July 2025 - Southco is adding two new options to its E5 line of quarter-turn cam latches, opening up a variety of new functionalities...

EPIC 2025 Outdid Itself with Record-High 1,200 Applications

Doubled from last year with 87% entering the Hong Kong startup competition from overseas HONG KONG SAR - Media OutReach Newswire - 17 July 2025 - EPIC 2025, organised by Hong Kong Science and Tech...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Sell by LayBy