China Economic Review - Alpha en copyright 2014 China Film Group invests in Hollywood <p>State-owned China Film Group has purchased an “eight-figure” equity stake in Hollywood films <em>Seventh Son</em> and <em>Warcraft</em> produced by Legendary Pictures, <a href="">South China Morning Post</a> reported, citing a Tuesday statement by China Film Group chairman La Peikang. This is the first time Chinese film companies have directly invested into Hollywood films. Thu, 01 Jan 1970 08:00:00 CST Q4 profits rise at Alibaba ahead of IPO <p>Alibaba Group reported strong fourth-quarter 2013 profit as China’s largest e-commerce company prepares for its US IPO, <a href="" target="_blank">Bloomberg</a> reported. Net income attributable to ordinary shareholders more than doubled to US$1.35 billion in the three months ended December, according to a presentation on Tuesday from Yahoo! (YHOO.NASDAQ), which owns a 24% stake in the Chinese company. Thu, 01 Jan 1970 08:00:00 CST Shoe factory strike continues in Guangdong <p>A massive strike at a shoe factory in the southern city of Dongguan continued as workers rejected an offer of improved social benefits on Tuesday, <a href="" target="_blank">Reuters</a> reported, citing a spokesman for Yue Yuen Industrial (0551.HKG), which runs the factory. The industrial unrest, now stretching to around 10 days and sparking clashes with police, has centered on issues including unpaid social insurance, improper labor contracts and low wages. Thu, 01 Jan 1970 08:00:00 CST Coca-Cola's Q1 results boosted by China <p>US beverage giant Coca-Cola's (NYSE:KO) reported revenue for the first quarter beat expectations, driven in part by sales in China, <a href="" target="_blank">Reuters</a> reported, citing a company statement on Tuesday. Coke does not break out China sales separately, but it said global case volumes rose 2% in the quarter, while those in China rose 12% due to increased marketing and advertising around the Chinese New Year. In 2013, the Asia-Pacific region accounted for 13% of the company's overall sales. Thu, 01 Jan 1970 08:00:00 CST