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 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
http://techcrunch.com/2016/05/16/alibaba-pictures-taobao-movie/?ncid=rss
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