BEIJING, June 17, 2019 – Maoyan Entertainment ("Maoyan" or "the Company") (Hong Kong: 1896), a leading platform providing innovative Internet-empowered entertainment services in China, today officially entered the Hang Seng Composite LargeCap & MidCap Index, and Hang Seng Stock Connect Hong Kong Index.
Maoyan went public and listed on the Stock Exchange of Hong Kong in February this year. The inclusion in the Hang Seng Composite LargeCap & MidCap Index is a recognition of Maoyan’s business performance, stock liquidity and growth potentials.
With inclusion of Maoyan in the Hang Seng Composite LargeCap & MidCap Index, investors in mainland China with Hong Kong Stock Connect accounts can now directly buy and trade Maoyan shares, which will help increase Maoyan’s shareholder base and further improve liquidity of its shares.
As a one-stop comprehensive entertainment services platform in China, Maoyan solidified its market leadership this year. It maintained its market share as the largest online movie ticketing service provider in China, and continued to grow its business in entertainment event ticketing services. As a leading provider for entertainment content services, Maoyan acted as the lead distributor for a series of popular movies in the first five month this year.
Maoyan has further built up its media resources to support the promotion and distribution of movies and TV series. Its “Maoyan Big Star” account in Tik Tok, a leading short-video social platform in China, has over 6.5 million followers with more than 180 million “likes”.
Maoyan also developed popular “mini app” on WeChat platform to enhance its service capabilities. Its “Maoyan Movies and Entertainment Events” mini app won “2019 iResearch Awards” for its outstanding user traffic.
About Maoyan Entertainment
Maoyan Entertainment (Hong Kong: 1896) is a leading platform providing innovative Internet- empowered entertainment services in China, offering online entertainment ticketing services, entertainment content services, e-commerce services, advertising services and others. Maoyan was the largest online movie ticketing service provider in China with a market share of 61.3%, as measured by GMV of movie tickets sold in the nine months ended September 30, 2018, according to the iResearch Report. Maoyan was the first to provide Internet-based promotion and distribution services for movies in China, and have now expanded such services to a broad range of entertainment content. In the nine months ended September 30, 2018, Maoyan provided entertainment content services for movies that contributed to over 90% of the gross box office in China. Maoyan’s MAU averaged 134.6 million in the nine months ended September 30, 2018.
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