China Media Capital Leads $32.2M Series C+ Round In Gewara

Shanghai-based Chinese online movie ticket booking website Gewara has received RMB200 million (US$32.2 million) from China Media Capital in series C+ financing, according to Chinese news reports.

The company will use the proceeds to improve its services, as well as expanding its business to more cities in China.

Established in 2008, Gewara received US$20 million series C financing from CDH Investments last October.

In 2010, it received RMB2 million in series A financing from Shanda Capital. In 2011, it received RMB10 million series B round from both CDH and Shanda.

China Media Capital is a private equity fund focusing on the media and entertainment sectors in China. It was established in 2010 by the chairman and president of the Shanghai Media Group, Li Ruigang.

In April, it joined forces with Chinese private equity firm FountainVest Partners to acquire 20% of IMAX China.

China Expert network
 

LEAVE A REPLY