HK-listed Alibaba Pictures rises most in over 3 weeks on launch of new toy brand

Damai Entertainment Holdings

14/05/2021 05:32

** Shares of China's movie promoter and distributor Alibaba
Pictures Group Ltd  1060.HK  rise 3% to HK$1.03, on course for
their best session since April 21
    ** Alibaba-backed  9988.HK  company says it has launched a
new brand called "Koitake" for the pop toys business, and
formally named its Tmall sale site "Koitake Flagship Store" (https://bit.ly/3yiSTs3)
    ** Says the company is preparing to roll out Koitake offline
stores 
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  slips 0.9%, and the Hang Seng Tech
Index  .HSTECH  eases 0.7%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.4%, and the benchmark index  .HSI  gains 1%
    ** By last close, the stock had gained 4.2% this year

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))