Major players bid to awaken China’s “sleeping giant”
A new JV backed by Australia's TEG and Alibaba's long-awaited push into live events look set to provide a boost to the newly "flourishing" Chinese live business
News By | 25 September 2017
The past week has seen a flurry of activity in the fast-growing – but still largely untapped – Chinese live music business, with two global players launching of new ventures with the potential to shake up a market already predicted to grow by ~7% annually through 2021.
Ecommerce giant Alibaba Group, which turned over ¥158.3 billion (US$23.9bn) in the 2017 financial year, and claims to be the world’s biggest retailer, on 19 September announced the launch of a dedicated live entertainment division, to encompass ticketing,…
You've used your free article this month
Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.
