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Ali Pictures' subsidiary, Hangzhou Tao Piao Piao, has signed a marketing and promotion cooperation framework agreement with Taobao.
Ali Pictures (01060) announced that on August 9, 2024, Hangzhou Taopiaopiao, the company's indirect non-wholly-owned subsidiary, and Taobao, the indirect wholly-owned subsidiary of Alibaba Group, signed a marketing and promotion cooperation framework agreement with an effective period from August 9, 2024 to March 31, 2027. According to the marketing and promotion cooperation framework agreement, relevant Taopiaopiao member companies and relevant Taobao member companies can enter into specific agreements to commission each other to provide promotion services and jointly conduct marketing activities. It is reported that relevant Taopiaopiao member companies or relevant Taobao member companies can use various types of media and platforms (including
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