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§ Private Profile · Beijing, Beijing, China
Online ticketing platform for movies, sports, and live events in China, integrated with WeChat and QQ.
Beijing Weiying Technology is a Beijing, China-based online entertainment ticketing platform that allows users to book cinema, sports, and live event tickets directly through messaging applications. Operating primarily under the WePiao brand, the company integrates its services with WeChat and QQ to reach consumers across more than 2,000 partnered movie theaters. The enterprise reached a $2 billion valuation after securing a $460 million Series C funding round in 2016, contributing to a total of $1.034 billion in capital raised from prominent backers including Tencent, Wanda Group, and China Media Capital. Supported by a workforce of 101 employees and holding 65 patents, the firm ultimately merged with rival platform Maoyan in 2017 to capture a 43 percent share of the Chinese online ticketing market. Beijing Weiying Technology was founded in 2014 by Lin Ning.
Beijing Weiying Technology has raised $339.8M across 2 funding rounds.
Beijing Weiying Technology has raised $339.8M in total across 2 funding rounds.
Beijing Weiying Technology has raised $339.8M across 2 funding rounds. Most recently, it raised $234.8M Series C in November 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 25, 2015 | $234.8M Series C | Beijing Cultural Assets Chinese Anci Films & Television Fund | Citics Prosperity Fund, GGV Capital, Gopher Asset Management, Inly, NEW Hope Group, Southern Capital, Tencent Holdings, Wanda Group | Announced |
| Apr 27, 2015 | $105M Series B | — | Tencent Holdings, Wanda Group | Announced |
Beijing Weiying Technology develops and operates WePiao (娱票儿), an online platform for movie and event ticketing. The company integrates its services deeply within prominent Chinese social applications, notably WeChat and QQ, providing users with a seamless and accessible method for purchasing entertainment tickets directly through their preferred communication channels. This strategic integration leverages existing user bases for widespread adoption and convenience.
The company was established in 2014 by co-founders David Lin and Lin Ning, with Lin Ning also serving as its CEO and bringing a background in internet and media entrepreneurship. The founding insight centered on capitalizing on the vast user engagement of social media platforms in China to streamline and digitize the process of entertainment ticketing, connecting venues directly with a broad consumer base through familiar digital ecosystems.
Weiying Technology targets the extensive Chinese consumer market, enabling millions to effortlessly secure tickets for films and various events directly from their mobile devices. Its vision is centered on facilitating a convenient and integrated entertainment consumption experience, aspiring to be a leading force in the digital ticketing landscape by embedding its services where users already spend their time.
Beijing Weiying Technology has raised $339.8M in total across 2 funding rounds.
Beijing Weiying Technology's investors include Beijing Cultural Assets Chinese Anci Films & Television Fund, CITICS Prosperity Fund, GGV Capital, Gopher Asset Management, INLY, New Hope Group, Southern Capital, Tencent, Wanda Group.