About Takung Art
Takung Art is a company based in Hong Kong (China) founded in 2012.. Takung Art offers products and services including News Platform and Content Updates. Takung Art operates in a competitive market with competitors including Artsy, Artspace, Art.com, Saatchi Art and ArtLifting, among others.
- Headquarter Hong Kong, China
- Stage Public
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Takung Art Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$5 M (USD), Post-IPO
Jul 26, 2021
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Investors
Merit Crown
& 1 more
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Employee Count
Employee Count
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Products & Services of Takung Art
Takung Art offers a comprehensive portfolio of products and services, including News Platform and Content Updates. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Website providing access to articles on business and other topics.
Regular news delivery on food, games, and health categories.
Funding Insights of Takung Art
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $5.0M
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First Round
First Round
(31 Aug 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Takung Art | Valuation |
investors |
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| Aug, 2016 | Amount | Debt – Conventional - Takung Art | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Takung Art
Takung Art has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Merit Crown and Jianping Mao. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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JM
Jianping Mao |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Takung Art
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Takung Art
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Takung Art Comparisons
Competitors of Takung Art
Takung Art operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Artsy, Artspace, Art.com, Saatchi Art and ArtLifting, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Curated art marketplace facilitated via online auctions.
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| domain | founded_year | HQ Location |
Multi-category art products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Curated art prints and home decor are sold online.
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| domain | founded_year | HQ Location |
Online Art Gallery
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| domain | founded_year | HQ Location |
Multi-category art products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Artworks are promoted and sold via an online marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Takung Art
Frequently Asked Questions about Takung Art
When was Takung Art founded?
Takung Art was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is Takung Art located?
Takung Art is headquartered in Hong Kong, China.
What does Takung Art do?
Takung Art provides an online platform for trading artworks across categories such as paintings, calligraphies, jewellery and precious gems etc. Artwork is presented to the company by authorised agents and the value is appraised. The company then divides the artwork into equal ownership units (which can be traded through their app),allowing shared ownership among collectors and investors. As of August 31, 2016, they had 147 art listings, with an aggregate initial listing value of US35.13 million. The company has multiple revenue streams such as: listing fee in the range of 2.5-28 of the offering price, commission fee 0.2 of the transaction value, subscription fee from authorised agents. Apart from China, they have operations in Russia, Mongolia, Australia, New Zealand. The company reported revenues of 11.3 million in 2015.
Who are the top competitors of Takung Art?
Takung Art's top competitors include Artspace, Saatchi Art and Artsy.
What products or services does Takung Art offer?
Takung Art offers News Platform and Content Updates.
Who are Takung Art's investors?
Takung Art has 2 investors. Key investors include Merit Crown, and Jianping Mao.