You will be redirected back to your article in seconds

Chinese Movie Portal Douban Mulls Overseas IPO (Report)

Douban, essential reading for any serious movie fan in China, is considering an initial public offering of its shares. The company is looking to list on an overseas stock market, according to business news site Caixin.

The company, which claims some 300 million monthly active users, is a portal and social media platform with thematic sections stretching from poetry to portraits. Its movie, books and music operations are its best known, with its film database likely the most comprehensive in Chinese.

The company was started in 2005 and earns the bulk of its revenues from advertising. Latterly it has launched ticketing services and music streaming services. Quoting from an internal memo, Caixin reports Douban CEO Yang Bo as saying that the company will pare back unprofitable activities before the possible flotation.

It also suggests that a listing outside China could be intended to bypass Chinese stock markets’ requirement that companies listing be profitable. The company last raised fresh capital six years ago, with a $50 million funding round led by Trustbridge Partners.

More Biz

  • Harvey Weinstein ousted

    Weinstein Co. Adds Board Member to Navigate Bankruptcy Sale

    Douban, essential reading for any serious movie fan in China, is considering an initial public offering of its shares. The company is looking to list on an overseas stock market, according to business news site Caixin. The company, which claims some 300 million monthly active users, is a portal and social media platform with thematic […]

  • Allison Mack

    'Smallville' Actress Allison Mack Arrested in Sex Cult Case

    Douban, essential reading for any serious movie fan in China, is considering an initial public offering of its shares. The company is looking to list on an overseas stock market, according to business news site Caixin. The company, which claims some 300 million monthly active users, is a portal and social media platform with thematic […]

  • Harvey Weinstein

    Harvey Weinstein Still Seeking His Emails to Combat Sexual Assault Claims

    Douban, essential reading for any serious movie fan in China, is considering an initial public offering of its shares. The company is looking to list on an overseas stock market, according to business news site Caixin. The company, which claims some 300 million monthly active users, is a portal and social media platform with thematic […]

  • ynon-kreiz

    Media Exec Ynon Kreiz Named CEO of Mattel

    Douban, essential reading for any serious movie fan in China, is considering an initial public offering of its shares. The company is looking to list on an overseas stock market, according to business news site Caixin. The company, which claims some 300 million monthly active users, is a portal and social media platform with thematic […]

  • courtney braun

    Courtney Braun Named Head of Legal Affairs for Endeavor

    Douban, essential reading for any serious movie fan in China, is considering an initial public offering of its shares. The company is looking to list on an overseas stock market, according to business news site Caixin. The company, which claims some 300 million monthly active users, is a portal and social media platform with thematic […]

  • Randall Stephenson

    AT&T-Time Warner Trial: Randall Stephenson Takes Stand and Defends Merger

    Douban, essential reading for any serious movie fan in China, is considering an initial public offering of its shares. The company is looking to list on an overseas stock market, according to business news site Caixin. The company, which claims some 300 million monthly active users, is a portal and social media platform with thematic […]

More From Our Brands

Access exclusive content