Maoyan
No. 3 Building, Yonghe Hangxing Garden, No. 11 Hepingli East Street, Dongcheng District, Beijing, China
Overview
Maoyan is a cinema ticketing platform created this summer from a merger between Maoyan and Tencent-backed Weiying. The company sells movie tickets and competes directly with Alibaba’s Taopiaopiao. Reuters reported Tencent invested $150 million in Maoyan, though spokespeople for both firms did not confirm the report to TechCrunch. The deal is positioned to capture a growing Chinese box office market, which the article cites at 27.3 billion RMB (~$4 billion) annually with 11% year-over-year growth. The report frames the investment as part of Tencent’s recent string of high-profile investments in global consumer and tech companies. The article does not disclose deal structure, valuation, or operating metrics for Maoyan.
- Total raised
- $150M
- Funding rounds
- 1
- Latest round
- Equity
- Latest activity
- Nov 2017
Industries
- E-Commerce
- Events
- Film
- Media and Entertainment
- Reservations
- Ticketing
Recent funding
Equity
Nov 2017
$150M
Team
No current team members are available.