Tech Company Financing Transactions
Taobao Movie Funding Round
Alibaba Group and private investors participated in a $260 million Series A capital raise for Taobao Movie. The round was announced on 5/17/2016.
Transaction Overview
Company Name
Announced On
5/17/2016
Transaction Type
Venture Equity
Amount
$260,000,000
Round
Series A
Investors
Proceeds Purpose
In its disclosure, Alibaba Pictures Group said that Taobao Movie's Series A will be used to sustain its operations and further strengthen its market position in a competitive and fast developing business segment.
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
Yuhang District Hangzhou Wenyi West Rd. 969 Alibaba Xixi Par
Hangzhou, 310099
China
Hangzhou, 310099
China
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Taobao is a shopping marketplace for consumers in China. Founded by parent Alibaba Group, it facilitates transactions between individual consumers and a wide range of sellers such as retailers, wholesalers, and other individuals.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Zhang Qiang
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