Alibaba Pictures raises $260M for its online movie ticket platform

 Alibaba Pictures, the film and television subsidiary of Alibaba Group, has raised a 1.7 million RMB (about $260 million) Series A for its online ticketing platform, Taobao Movie. According to a filing made with the Hong Kong stock exchange, the investment gives Taobao Movie a post-money valuation of 13.7 billion RMB (about $2.1 billion). Read More