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According to analysis from Chinese market research firm Big Data-Research, group deals site Meituan and Dianping (the two merged in October) held more than half of the online movie ticketing market as of the third quarter of 2015, with the rest divided among other, much smaller players like Taobao Movies, Baidu-backed Nuomi, We Piao (another Tencent investment), and Gewala.

Meituan is a portfolio company of Alibaba Group rival Tencent, which announced a massive .3 billion investment in the company earlier this year.

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The round was led by CDH Investments, Ant Financial Services Group (an Alibaba Group affiliate), and

Other investors listed in the disclosure include several Chinese entertainment companies that can serve as strategic partners for Taobao Movie, like Hehe Pictures, BONA Film, and Huace Media.

Taobao Movie was launched in 2014 by Alibaba Group and acquired the next year by Alibaba Pictures Group.

According to a press announcement from Alibaba Pictures, Taobao Movie currently lets customers book tickets for more than 5,000 movie theaters in China, which it claims covers 95 percent of the country’s total box office.

Despite being widely available, Taobao Movie is up against heavy competition.

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