CDH leads round for Alibaba Pictures ticketing business - update
CDH Investments' wealth management platform, Ant Financial Services and Sina Corp. have led a RMB1.7 billion ($260 million) Series A round of funding for the online movie ticketing platform of Alibaba Group’s Hong Kong-listed film and entertainment unit.
Alibaba Pictures Group said in a filing that the Series A investors will hold a 12.4% stake in Taobao Movie, valuing the business at RMB13.7 billion. Other participants in the round include companies with...
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