Slaughter and May advised Alibaba in the injection of its Online Movie Ticketing and Yulebao businesses into Alibaba Pictures Group Limited

31 Dec 2015
Slaughter and May advised Alibaba Group Holding Limited (Alibaba) in relation to the injection of its Online Movie Ticketing and Yulebao businesses into Alibaba Pictures Group Limited (APG). The total consideration for the asset purchase is approximately  HK$4.06 billion (approximately US$520 million), subject to specified post-completion adjustments.
The Online Movie Ticketing Business involves the operation of an online platform which enables consumers to purchase movie tickets online from third party movie theatres. In addition, the Online Movie Ticketing Business provides online promotion of movie releases for movie theatres and movie producers; movie-related entertainment information; and online sale of movie related merchandise to consumers, and enables consumers to redeem or receive gifts provided by reward-points operators related to movie tickets.
Yulebao is a financing and investment platform through which users can invest in the production of movies, television shows, variety shows or other entertainment content (including productions by independent artists and movie producers) selected by Yulebao through online purchase of investment products offered by financial institutions with which Yulebao collaborates. It also provides an interactive, fans-based platform which allows individual investors to participate in activities related to the projects in which they have invested, such as film set visits and opportunities to attend movie premieres. 
Alibaba is a family of internet-based businesses with a mission to make it easy for anyone to buy or sell goods and services anywhere in the world. Since its inception, it has developed leading businesses in consumer e-commerce, online payment, business-to-business marketplaces, cloud computing, mobile apps, mobile operating system and internet TV.
APG is listed on both The Stock Exchange of Hong Kong Limited (stock code: 1060) and the Singapore Exchange Securities Trading Limited (stock code: S91). It is the flagship unit of Alibaba’s movie, television and other entertainment businesses and its core businesses include four main segments: film and television production; internet-based promotion and distribution; building and operation of e-commerce platforms for entertainment; and international operations in the global entertainment industry.
Fangda Partners advised Alibaba on PRC law.
Fee earners who worked on this transaction: Benita Yu (Partner), Clara Choi (Partner), Johnathan Lai (Associate) and Nicola Lui (Associate).

Slaughter and May advised Alibaba Group Holding Limited (Alibaba) in relation to the injection of its Online Movie Ticketing and Yulebao businesses into Alibaba Pictures Group Limited (APG). The total consideration for the asset purchase is approximately  HK$4.06 billion (approximately US$520 million), subject to specified post-completion adjustments.

The Online Movie Ticketing Business involves the operation of an online platform which enables consumers to purchase movie tickets online from third party movie theatres. In addition, the Online Movie Ticketing Business provides online promotion of movie releases for movie theatres and movie producers; movie-related entertainment information; and online sale of movie related merchandise to consumers, and enables consumers to redeem or receive gifts provided by reward-points operators related to movie tickets.

Yulebao is a financing and investment platform through which users can invest in the production of movies, television shows, variety shows or other entertainment content (including productions by independent artists and movie producers) selected by Yulebao through online purchase of investment products offered by financial institutions with which Yulebao collaborates. It also provides an interactive, fans-based platform which allows individual investors to participate in activities related to the projects in which they have invested, such as film set visits and opportunities to attend movie premieres.

Alibaba is a family of internet-based businesses with a mission to make it easy for anyone to buy or sell goods and services anywhere in the world. Since its inception, it has developed leading businesses in consumer e-commerce, online payment, business-to-business marketplaces, cloud computing, mobile apps, mobile operating system and internet TV.

APG is listed on both The Stock Exchange of Hong Kong Limited (stock code: 1060) and the Singapore Exchange Securities Trading Limited (stock code: S91). It is the flagship unit of Alibaba’s movie, television and other entertainment businesses and its core businesses include four main segments: film and television production; internet-based promotion and distribution; building and operation of e-commerce platforms for entertainment; and international operations in the global entertainment industry.

Contacts

Benita Yu (Partner), Clara Choi (Partner), Johnathan Lai (Associate) and Nicola Lui (Associate).

Fangda Partners advised Alibaba on PRC law.


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