LONGUEUIL, QUEBEC–(Marketwired – April 27, 2016) – With the expansion of its commercial theatre business in China, D-BOX Technologies Inc. (TSX:DBO) is proud to announce the establishment of a new agreement with Yueke, a subsidiary of Alibaba Group. This collaboration will certainly accelerate the deployment of the Point of Sales (POS) system for D-BOX movie theatres in China.
“It is a concrete step towards the development of a system benefitting both exhibitors and moviegoers in China, the soon-to-be largest cinema market in the world”, declared Claude Mc Master, President and Chief Executive Officer of D-BOX Technologies. “Yueke will enable over 40% of exhibitors in China to secure new recurring revenues with D-BOX’s cutting edge immersive technology by allowing better ticket purchasing options to a wide range of moviegoers”, Mc Master added.
“China’s movie market is undergoing an extensive development. Therefore, moviegoers need multifarious choices. With Yueke’s advanced technology and great service as well as the success of collaboration with D-BOX, we will be able to offer them a better quality product, FINIXX”, said Xiangxiong Li, CEO of Yueke.
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