China cinema ticket sales app Wepiao raises $234m
Wepiao, a Chinese mobile app specializing in movie ticket sales, has completed a Series C round of funding worth RMB1.5 billion ($234 million) led by the government-backed Beijing Cultural Assets Chinese Film & Television Fund.
Other new investors included CITICS Prosperity Fund, a joint venture fund between CITIC Securities and China Jingu International Trust, GGV Capital, China Southern Asset Management, Gopher Asset Management...
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