Alibaba will inveSt in tom cruiSe’S mi

LOS ANGELES: Alibaba Pictures, the film unit of e-commerce giant Alibaba, announced on Wednesday that it will make its first Hollywood investment with Paramount’s Mission: Impossible: Rogue Nation but did not disclose the amount it would invest. Alibaba pictures also said that it become an official partner for the promotion of the movie in China, according to the Hollywood Reporter. In a statement, the companies said Alibaba Pictures and Paramount would collaborate in the areas of online ticketing, merchandising and promotion of the movie in China.