Weying, owner of ticketing platform Wepiao and the manager of two entertainment funds, has confirmed the Tencent and Wanda-backed round.
Weying, the China-based operator of mobile ticketing service Wepiao, confirmed a RMB1.5bn ($235m) series C round featuring internet company Tencent and conglomerate Dalian Wanda Group yesterday.
The round, originally reported by local news outlets last week, was led by Beijing Cultural Assets Chinese Anci Films & Television Fund, and also featured agribusiness New Hope Group, Citics Prosperity Fund, which is in turn run by Citic Capital, GGV Capital, Southern Capital, Gopher Asset Management, Noah Private Wealth Management and INLY.
Wepiao…
