Caixin
Sep 04, 2018 06:34 PM
BUSINESS & TECH

Money-Losing Box Office App Files for IPO

Maoyan Weiying CEO Zheng Zhihao, delivers a keynote speech at a company event in Shanghai on June 19. Photo: VCG
Maoyan Weiying CEO Zheng Zhihao, delivers a keynote speech at a company event in Shanghai on June 19. Photo: VCG

Maoyan Weiying, China’s largest online movie-ticketing platform, has filed for an initial public offering (IPO) in Hong Kong.

The company filed a prospectus to the city’s stock exchange on Monday under the new name of Entertainment Plus, but didn’t disclose its IPO date or how much it plans to raise.

Maoyan, which was founded in April 2016 as a spinoff from major online booking platform Meituan-Dianping, merged late last year with Weiying, another ticketing service. Both Maoyan and Weiying had attracted investment from internet giant Tencent Holdings Ltd. before the merger, and the company’s current shareholders also include Shenzhen-listed film producer Beijing Enlight Media Co. Ltd.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.