china ticketing
TRANSCRIPT
If you took just 1 second to say hello to each of the country’s
1.35 billion people, it would take you more than 42 years to greet
the whole nation.
CHINA’S GDP
2009 2010 2011 2012 2013
9.2%
10.4%
9.3%
7.8% 7.7%
GDP to be maintained at 7% growth through 2015
2014
7.5%
Source: Trading Economics - National Bureau of Statistics of China
INCOME DISPARITY
2007 2008 2009 2010 2011
2,188
2,504 2,726 3,033
3,806
657 755 817 939
1,107
URBAN INCOMES ($) RURAL INCOMES ($)
Source: Trading Economics - National Bureau of Statistics of China
2012
3,962
1,276
2013
4,162
1,394
GROWTH OF DISPOSABLE INCOME PER CAPITA (USD)
2005 2006 2007 2008 2009 2010 2011 2012
1,692 1,896
2,223
2,545
2,770
3,082
3,517
3,854
2013
3,997 4,386
2014 Source: Trading Economics - National Bureau of Statistics of China
XI JINPING LI KEQIANG ZHENG DEJIANG YU ZHENGSHENG
LIU YUNSHAN WANG QISHAN ZHANG GAOLI
The REFORMERS!
THIRD Plenum!
• STABILITY V. REFORM “We must deepen economic system reform by centering on the decisive role of the market…”
• REFORM IS NOW GOVERNMENT DRIVEN
• KEY FACTOR IS STABILITY (EMPLOYMENT, INCOME, INFLATION)
• ANTI-CORRUPTION MEASURES — NATIONAL SECURITY COMMITTEE
• DEEPENING ECONOMIC REFORM
— CENTRAL DEEPENING-REFORM LEADING GROUP
CPPCC & NPC Sessions 2014
5PRIVATE BANKS - TRIAL BASIS
+10MNEW URBAN JOBS
+100MRURAL MIGRANTS GRANTED URBAN RESIDENCY
“WAR ON POLLUTION” – Li Keqiang
6 PRIORITIES OF 2014 1. FOOD SECURITY 2. CUT EXCESS CAPACITY 3. CONTROL LOCAL GOV’T DEBT 4. PROMOTE BALANCED GROWTH 5. IMPROVE SOCIAL WELFARE 6. RAISE LEVEL OF OPENNESS
#Mega-rich Influence #Private Enterprises #Pro capitalist policies #Ties between Policitcs & Business
• 5 out of 10 Richest list - Deputies
• 15 NPC + 21 CPPCC (Top 100)
= US$191 Billion
> GDP Vietnam
• 100+ $Billionaire Representatives
Ø INTERNATIONAL FINANCIAL SECTOR Ø NEGATIVE LIST Ø 6 MAJOR SERVICE CATEGORIES
– Financial – Shipping & Logistics – Communications and Trade – Professional Services – Cultural Services – Social Services
New Groud of High-level Opening
• 3 New FTZs (Guangdong, Fujian & Tianjin) • New experiments • Financial reforms (fully converKble currency, open economy, developed markets)
• ConKnue to shorten the "negaKve list” • More FTZs -‐ the “21st Century Economic Belt and MariKme Silk Road” trade routes between China and Europe.
+70% CHINA REVENUES 2013>2012 BUT HARDER TOP ISSUES RISING COSTS UNCLEAR REGULATORY ENVIRONMENT HR CONSTRAINTS
BUSINESS OUTLOOK!
“We’re not investing in football, we’re
investing in entertainment.
Alibaba’s future is health and
entertainment.”
Jack Ma
Box office!• World’s 2nd largest theatrical territory
• $3.57b (2013) => $4.82b (2014)
• Local films = 55% market share
• 1,015 NEW cinema complexes 2014
• 5,397 new screens (15 per day)
• Total No. of screens 23,600 (2014)
O2O !Drives Tickets Presales!!
• +60% willing to pre-purchase tickets online (EntGroup survey, 2014)
• Reasons = $ + Seat Selection
Box Office – O2O!• 129m tickets sold via group-buying;
21% (610m)
• Avg. price <$5
• $588m (2013) = $48.4m/month
(16.7% )
• 1st-tier cities: 20%; 2nd –tier cities: 23%;
3rd-tier cities: 32%; 4th-tier cities: 21%
• Cinema self-ran websites
• 3rd party group-buying sites / apps
Meituan (71.5%); Dianping (42.3%); Lashou (36%)); WeChat service accounts Ticketing Apps Dianping (38%), Lashou (25.3%),Wanda (22.1%)
• Specialized film sites
Mtime (44.4%); Gewara (33.4%), Wanda (32.3%)
TOP 3 online platforms!
• $50m funding
• 1,000 movie theatres
• 200 cities nationwide
• 70% of the domestic
online movie ticket
market covered
• TO $100 m June 2014
• $240 m 2014 End
• Sponsors / Partners
• Now-on
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• My Order
• 70% off
• Coming soon
• Promotion /Events
• JustTickets.com is the official online ticketing website for several international sporting events.
• JustEvent is the parent company which organises these events.