Alibaba Pictures announced on Sunday its online lottery ticketing platform raised $ 260 m in fresh financing , which gave it a $ 2.1bn investment , exceeding its estimated evaluation of $ 266 m , given only 5 months ago by an independent appraiser . This showed one success of many future battles in the industry for online - to - offline sales as Chinese retail companies began to grow 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.