Alibaba Pictures' online ticketing platform raises $260m at $2.1b valuation

Alibaba Pictures' online ticketing platform raises $260m at $2.1b valuation

Chance Chan / Reuters

The listed movies unit of Alibaba Group Holding Ltd, China’s biggest e-commerce company, has raised the valuation of its O2O distribution and promotions subsidiary which operates an online ticketing platform after a new round of fundraising, it said in a Hong Kong stock exchange filing released on Sunday.

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