Wepiao Completes $105M Series B From Tencent, Wanda

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The operator of online movie ticket booking services platform Wepiao, Beijing Weiying Technology Co. Ltd., has completed US$105 million series B round of financing from Tencent Holdings Limited, Dalian Wanda Group, and other investors, according to Chinese media reports.

Founded in 2014 by Tencent, China Culture Industry Investment Fund, and Bison Capital, Beijing Weiying provides online booking and payment for movie tickets via mobile apps based on Tencent’s Wechat and QQ platforms.

It also operates web portal, Wepiao.com.

China Money Network

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