Logo of Taobao Movie’s App. [Photo: sohu.com]

Alibaba Pictures Group's ticketing business has received a new round of funding which values the company at 13.7 billion yuan or 2.1 billion U.S. dollars.

Taobao Movie has received 1.7 billion yuan or some 260 million U.S. dollars in the latest fundraising round.

The investment is led by CDH Investments, Ant Financial Services Group and Sina.com.

Hehe Pictures, Bona Film, Huace Media, Nanpai Entertainment and Union Pictures are also among the investors.

Taobao Movie was launched in late 2014.

According to Deadline, Taobao Movie offers ticketing and seat-selection services in more than 5-thousand theaters through China, covering 95 percent of the country's box office.

Alibaba Pictures Group acquired the company from Alibaba Group at the end of last year.