Tao Piao Piao (, lit: 'hunting for tickets'), or Taopiaopiao , is an online movie ticket distributor and film promotion service.
Together, Taopiaopiao and its main rival
Maoyan
Tianjin Maoyan Culture Media () is a Chinese company that owns the largest online movie ticketing website in China, maoyan.com, with 30% share of the market in 2015. In 2016, Wang Changtian of Beijing Enlight Media offered to buy a controlling stak ...
control approximately 80 percent of movie ticket sales in China.
Formerly known as Taobao Movie, the company was launched in 2014 in the city of
Hangzhou
Hangzhou ( or , ; , , Standard Mandarin pronunciation: ), also romanized as Hangchow, is the capital and most populous city of Zhejiang, China. It is located in the northwestern part of the province, sitting at the head of Hangzhou Bay, whi ...
, in China's Zhejiang Province.
A 2016 financing round led by investors from
CDH Investments
CDH Investments (CDH, 鼎晖投资基金管理公司) is a major Chinese alternative asset management firm based in Beijing, China. It specializes in private equity, venture capital and credit products. CDH invests across a range of sectors and re ...
,
Ant Financial Services Group
Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million ...
, and
Sina.com
Sina Corporation (, "new wave") is a Chinese technology company. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina has over 100 million registered users worldwide. Sina was recognized by '' South ...
valued the company at approximately US$2 billion. In 2017, Alibaba Pictures raised its ownership stake to nearly 97 percent of the company's equity.
See also
*
Taobao
Taobao () is a Chinese online shopping platform. It is headquartered in Hangzhou and is owned by Alibaba. According to Alexa rank, it is the eighth most-visited website globally in 2021. Taobao.com was registered on April 21, 2003 by Alibaba Cl ...
References
External links
*{{Official, https://www.taopiaopiao.com//
Alibaba Group
Companies based in Hangzhou
Ticket sales companies
Online companies of China