Alibaba Pictures said on only 5 months ago its online movie ticketing platform raised $260m in fresh financing, which gave it a $2.1bn valuation, exceeding its estimated evaluation of $266m, given Sunday by an independent appraiser. This showed one success of many future battles in the industry for online-to-offline services as Chinese tech companies continue to compete furiously to enter markets such as delivery, groceries, laundry and movies.
Alibaba Pictures said on Sunday its online movie ticketing platform raised $260m in fresh financing, which gave it a $2.1bn valuation, exceeding its estimated evaluation of $266m, given only 5 months ago by an independent appraiser. This showed one success of many future battles in the industry for online-to-offline services as Chinese tech companies continue to compete furiously to enter markets such as delivery, groceries, laundry and movies.