Alibaba’s Movie Ticketing Business Is Now Worth Over $2 Billion

TaoBao Dianying, the ticketing subsidiary of Alibaba Pictures, has raised a 1.7 billion yuan ($260 million USD) A series, valuing the company at over 13.7 billion yuan ($2.09 billion USD).

According to a filing made by Hong Kong-listed Alibaba Pictures on Sunday, the CDH Investments led the round, followed by Alibaba finance affiliate Ant Financial and Chinese web portal Sina.com.

[Update: As of May 16 TaoBao Dianying has been renamed Taobao Piaopiao, and has partnered with one of China’s largest ticketing platforms, Damai.cn, according to Alibaba.]

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom