Alibaba Pictures’ Online Ticket Booking Unit Raises $260M In Series A Round

The list of Chinese tech unicorns, or start-ups with a valuation of US$1 billion or more, just got one more member.

Alibaba Pictures says its online ticket booking unit has raised RMB1.7 billion (US$260 million) in a series A round of funding led by CDH Investments, Ant Financial and Sina Corp, according to a disclosure filing.

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