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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 across 3 funding rounds.
Beijing Weiying Technology has raised $339.8M in total across 3 funding rounds.
Beijing Weiying Technology is valued at approximately $20.0M.
Beijing Weiying Technology has raised $339.8M in total across 3 funding rounds.
Beijing Weiying Technology is valued at approximately $20.0M.
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.
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 across 3 funding rounds. Most recently, it raised Beijing Weiying Technology Valuation 2016-04-01 in April 2016 at a valuation of approximately $20.0M.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2016 | Beijing Weiying Technology Valuation 2016-04-01 | Beijing Cultural Assets Chinese Anci Films & Television Fund | |
| 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, Wanda Group |
| Apr 27, 2015 | $105.0M Series B | Tencent, Wanda Group |