China’s largest movie ticketing app Maoyan delayed its planned HK initial public offering (IPO) until February 4 as three new investors, including China smartphone brand Xiaomi, joints in IMAX Hong Kong and Welight Capital as cornerstone investors.
Tencent owns 16.3 per cent of Maoyan, the second-largest shareholder, according to a prospectus released last September. Beijing Enlight Media is the largest stakeholder, holding 48.8 per cent. Meituan Dianping owns 8.6 per cent.
China’s movie industry boasts the world’s largest box office, where 80 per cent of movie tickets were sold online in 2017, according to an estimate by iResearch Consulting Group.
Maoyan had 130 million monthly active users in the first half of 2018, according to its IPO prospectus filed in Hong Kong. Movie theaters in more than 600 Chinese cities, comprising 95 percent of the country's total cinemas, used Maoyan to sell tickets online in the first six months of last year.
The country’s ticket receipts may more than double in combined takings to 121.7 billion yuan by 2022, from 55.9 billion yuan in 2017, Maoyan said.
Tencent owns 16.3 per cent of Maoyan, the second-largest shareholder, according to a prospectus released last September. Beijing Enlight Media is the largest stakeholder, holding 48.8 per cent. Meituan Dianping owns 8.6 per cent.
China’s movie industry boasts the world’s largest box office, where 80 per cent of movie tickets were sold online in 2017, according to an estimate by iResearch Consulting Group.
Maoyan had 130 million monthly active users in the first half of 2018, according to its IPO prospectus filed in Hong Kong. Movie theaters in more than 600 Chinese cities, comprising 95 percent of the country's total cinemas, used Maoyan to sell tickets online in the first six months of last year.
The country’s ticket receipts may more than double in combined takings to 121.7 billion yuan by 2022, from 55.9 billion yuan in 2017, Maoyan said.
Latest comments