Tao Piao Piao
Tao Piao Piao (Chinese: 淘票票, lit: 'hunting for tickets'), or Taopiaopiao , is an online movie ticket distributor and film promotion service.
Together, Taopiaopiao and its main rival Maoyan control approximately 80 percent of movie ticket sales in China.[1]
Formerly known as Taobao Movie, the company was launched in 2014 in the city of Hangzhou, in China's Zhejiang Province.
A 2016 financing round led by investors from CDH Investments, Ant Financial Services Group, and Sina.com valued the company at approximately US$2 billion.[2] In 2017, Alibaba Pictures raised its ownership stake to nearly 97 percent of the company's equity.[3]
References
- ^ Frater, Patrick (2018-09-20). "China to Ban Movie Ticket Subsidies". Variety.
{{cite news}}: CS1 maint: url-status (link) - ^ Wang, Fan (2016-05-17). "Alibaba to expand its ticketing operation beyond movies". China Daily.
{{cite news}}: CS1 maint: url-status (link) - ^ "Alibaba Pictures first half revenue soars 313pc". South China Morning Post. 2017-08-31. Retrieved 2020-06-13.