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 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, , Standard Mandarin pronunciation: ; formerly romanized as Hangchow is a sub-provincial city in East China and the capital of Zhejiang province. With a population of 13 million, the municipality comprises ten districts, two counti ...
, 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 ...
,
Ant Financial Services Group
Ant Group ( zh, s=蚂蚁集团, p=Mǎyǐ jítuán, t=), 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 ...
, and
Sina.com 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 was 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