A sign of Alibaba Group is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. REUTERS/Aly Song
HONG KONG: 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 May 15.
Alibaba Pictures Group Ltd said that its O2O platform was now worth 13.7bil yuan (RM8.45bil) based on the new financing raised from a group of investors led by CDH Investments, Ant Financial Services Group and Sina.com.
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