The board of directors of the Alibaba Pictures Group Limited provided earnings guidance for the period of 15 months ended March 31, 2018. For the period, the group expected unaudited consolidated net loss attributable to the owners of the company to be between RMB 1.6 billion and RMB 1.7 billion, compared with RMB 950.26 million for the 12 months ended December 31, 2017 and RMB 958.58 million for the year ended December 31, 2016. Due to increased marketing expenses, the Group expects to record a net loss attributable to the owners of the company.