- Business
- Poly Culture Group Corporation Limited Poly Culture Group Corporation Limited is a leading Chinese state-owned cultural enterprise primarily engaged in art auctions and sales, performance and theatre management, and cinema investment and management. The company operates through its Art Business and Auction segment, which involves the buying and selling of Chinese antiques, modern and contemporary calligraphy and paintings, ancient calligraphy and paintings, oil paintings, sculptures, and other cultural relics and artworks, along with artwork investment consultation services; its Performance and Theatre Management segment, which handles daily theatre management, performance arrangements, theatre leasing, and theatre design consultation across venues in China; and its Cinema Investment and Management segment, which focuses on cinema construction, operation, film screening, snacks retailing, entertainment content production, promotion, distribution, and financing and leasing activities. It manages prominent brands including Poly Theatre, Poly Auction, Poly Film, Poly Art Education, Poly WeDo, Poly Art Center, and Poly Art Museum, with over 150 wholly-owned and controlled subsidiaries primarily in China and select international activities such as auctions in Hong Kong. Founded in 2000 and headquartered at 11/F, New Poly Building, 1 Chaoyangmen North Street, Beijing, China, the company is a subsidiary of China Poly Group Corporation. In recent developments, Poly Culture Group was privatized in November 2023 through a merger by absorption by its substantial shareholder Poly Group, leading to the delisting of its H shares from the Hong Kong Stock Exchange; it continues active operations, including the successful Poly Auction Hong Kong Autumn Auctions 2025, a partnership with MGM Macau for the Poly MGM Museum to enhance cultural tourism, a memorandum of understanding between Poly MGM Museum and China (Hainan) South China Sea Museum, co-production of entertainment programs like "Together Open Mic," rural cultural outreach activities, and recognition of its subsidiary Poly Culture Communication as a "Beijing Specialized and New SME" in 2025.