CITICS Prosperity Fund
6 Xinyuannanlu, Capital Mansion, Beijing, Chaoyang District, 100004, China
Overview
CREDIT Prosperity Fund Management Co., Ltd. ( "CREDIT Prosperity Fund" ) is jointly funded by CITIC Securities Co., Ltd. and powerful strategic investors. It is a private fund management company that specializes in launching, building and managing various investment funds, carrying out the investment and financing activities with self-owned funds and trusted assets, and providing assets management and consulting services. By virtue of its strong shareholders, professional investment teams, perfect controlling system and abundant client resource, CREDIT Prosperity Fund has developed rapidly since its establishment, realizing an amount of RMB 20 billion Yuan for its managed fund scale. In 2014, CREDIT Prosperity Fund was awarded "The Best Chinese Real Estate Fund of ChinaVenture 2013" by ChinaVenture Group Research Institute. CREDIT Prosperity Fund always maintains its operation and development in compliance with regulations and standards. Having passed the verification of Asset Management Association of China on April 29, 2014 and registered as a private investment fund manager, it becomes a financial institution engaging in the private fund businesses, including the private securities investment, equity investment and venture capital, etc.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Banking
- Financial Services
- FinTech
- Insurance
- Non Profit
Investment portfolio
- Beijing Weiying Technology
Participated · Series C · Nov 2015
Wepiao operates a mobile ticketing and marketing/distribution platform that serves films, shows, sports and other pan‑entertainment verticals. The company reports coverage of more than 4,500 cinemas and reaches 90% of moviegoers, and entered over 1,200 theaters, stadiums and exhibition pavilions within a year and a half. Wepiao participates across the film industry chain via IP development, investment & production, mobile marketing and Internet distribution, leveraging big data on entertainment consumers to inform content and production. In shows and sports it functions as a connector between industry and consumers, organizing mainstream Chinese music festivals, itinerant exhibitions and significant promotional projects. It has a partnership with Window on Sports on marketing and ticketing. Related funds under Weying include over RMB 3 billion raised by Weying Capital and a RMB 2 billion Weying‑Noah Cultural Industry Fund; Weying Capital plans to invest in films, shows & exhibitions, sports and make equity investments across the industry chain. Weiying Technology runs WePiao, a movie-ticket booking platform embedded in WeChat and accessible through QQ that lets users buy tickets using payment information stored in their accounts. The integration with Tencent properties simplifies purchases and leverages existing payments to aid monetization and user retention. According to CEO David Lim, the company sold 4 million tickets despite launching just eight months earlier. WeChat claims 500 million monthly active users, providing a large distribution channel for the app. The broader Chinese market is expanding rapidly: online ticket payments grew 42.9% and mobile-paid bookings jumped 109% in 2014 (Entgroup). The company has raised external capital, including a recent Series B, to support its growth.
Team
No current team members are available.