Damai Entertainment Holdings Ltd. is an investment company, which engages in television and film production and distribution businesses. It operates through the following segments: Live Content and Technology Business, IP Merchandizing, Film Content and Technology Business, and Drama Series Production. The Live Content and Technology Business segment refers to the full life cycle of live performances from the venue operations to the organization, investment, the production, and promotion of the performance contents, and the ticketing of performances, on-site services, and ticketing issuance system. The IP Merchandizing segment backed by the Group’s licensing and marketing capabilities, the Group integrated resources within or outside the Alibaba Ecosystem to provide comprehensive distribution channels connecting with both corporate customers and individual consumers. The Film Content and Technology Business segment includes investment, production, promotion, and distribution of films, and ticketing and technology platform services provided by Tao Piao Piao, Yunzhi, and Beacon AI. The Drama Series Production segment focuses on the investment and production of drama series. The company was founded in 1993 and is headquartered in Hong Kong.