Three’S Company Media Group Co.Ltd(605168) (605168) announced on the evening of January 10 that the company plans to establish a digital cultural and creative products trading platform with Beijing Cultural Property Rights Trading Center Co., Ltd. (hereinafter referred to as “beiwen center”), which is positioned for the online trading of digital cultural and creative products. It is worth noting that the stock price of Three’S Company Media Group Co.Ltd(605168) has been strong recently, with an increase of 74.7% in the past month. The dragon and tiger list released after hours on December 15, 2021 shows that the two institutions have a total net purchase of 150 million yuan.
The announcement shows that creators can display and sell digital cultural and creative products on the platform. Users interested in digital cultural and creative products can enter the trading platform to browse and buy digital cultural and creative products. The business goal of the platform is to become a trading platform for digital cultural and creative products with core competitiveness in China, and a two-way selection platform for users to buy digital cultural and creative products and creators to sell digital cultural and creative products. Gather high-quality and rich digital cultural and creative product resources through the platform to discover and confirm the value of digital cultural and creative products.
In terms of the way of settlement, the agreement, the right of digital transformation and the cost of the upper chain, the transaction fee of trading platform, the trading consideration of the trading platform and the buyers and sellers are all settled through lawful online RMB legal tender, including WeChat, Alipay, online banking, digital Renminbi wallets, etc. All transaction settlement links do not involve any form of illegal digital currency.
The partners have strong background. According to the announcement, beiwen center is controlled by Beijing Cultural Investment Development Group Co., Ltd. (hereinafter referred to as “Beijing Cultural Investment”) funded by Beijing state owned cultural assets supervision and administration office China Cultural Industry Development Group Co., Ltd. and other central enterprises formally established a comprehensive platform for national cultural factor market construction and cultural and financial innovation services centered on Beijing in 2015. It is the only authorized institution in Beijing engaged in property rights, equity and physical assets trading services of state-owned cultural enterprises and institutions. It is a platform integrating property rights, equity and physical assets trading system, capital settlement, registration and custody and legal risk control of state-owned cultural enterprises and institutions.
For the digital cultural and creative trading platform that has been popular in the market recently, beiwen center did not choose to cooperate with “its own people”. The reporter of China Securities Journal noted that Beijing cultural investment has a listed company Cultural Investment Holdings Co.Ltd(600715) . The company’s main business covers the film and television and game industries and their derivative “culture +” business. While Three’S Company Media Group Co.Ltd(605168) is a comprehensive advertising media enterprise specializing in integrated marketing services. Its main business includes digital marketing services, scene activity services and campus media marketing services.
Three’S Company Media Group Co.Ltd(605168) said that in order to establish and deepen the good cooperative relationship between the company and beiwen center, the company made full use of beiwen center’s credibility and leadership position in the field of cultural property rights trading in the capital, as well as Three’S Company Media Group Co.Ltd(605168) ‘s rich resources and experience in the field of cultural media, highlighted complementary advantages and implemented strong alliance.
(source: China Securities Journal · China Securities Network)
