Tencent and Wanda-backed Weiying Technology and rival Gewara have agreed a merger that will create the second most popular online ticketing platform in China.
China-based online ticketing platforms Weiying Technology and Gewara, the former backed by internet company Tencent and conglomerate Dalian Wanda, have agreed to merge, Forbes reported yesterday.
Weiying operates WePiao, a ticketing platform that serves 4,500 cinemas and around 1,200 exhibition centres, performance and sporting venues. It had a market share of about 8% in China’s ticketing sector as of the second quarter of this year.
The company had raised at least $340m since it was founded in 2014, securing $235m…
