Damai Entertainment Holdings Limited is an investment holding company operating in content, technology, and IP merchandising and commercialization in Hong Kong and the People's Republic of China. It invests in, produces, promotes, markets, and distributes entertainment content including films, online drama series, broadcasting and television programs, and short dramas for children. The company operates film ticketing and technology platforms under the Tao Piao Piao and Yunzhi names, and provides digital collectibles issuance, factoring, and live performance services such as ticketing, event services, and venue operations. It was formerly known as Alibaba Pictures Group Limited and is headquartered in Beijing, China.