Our weekly column summarizes the tech financing highlights in China this week.
Ticketing is a traditional O2O (Online to Offline) service. Previously, it provided users with ticket booking support for films, as well as other shows. Because we have already gotten used to enjoy ticketing services through certain methods, the service has seen relatively little attention. However, this week we saw that Tencent is expanding its pan-entertainment ecosystem, which strengthens its position in ticketing services by investing in Maoyan, which not only provides users with ticket booking services, but also movie and show ticketing services, film investment, promotion, and other industry services.
Online ticketing service platform Maoyan receives USD 150M from Tencent for strategic financing
Maoyan
Founder: Zheng Zhihao
Founded in: 2007
Financing status: RMB 1 billion (USD 150 million) for strategic financing in 2017
Online ticketing service platform, Maoyan, received USD 150 million from Tencent for strategic financing on November 11 for business solidification.
Cheetah Mobile’s live streaming platform Live.me receives USD 50M for Series B from Toutiao
Live.me
Founded in: 2016
Financing status: RMB 332 million (USD 50 million) for Series B financing in 2017
Cheetah Mobile’s live streaming platform, Live.me, receives USD 50 million for Series B from Toutiao on November 9 to accelerate the growth of its live video and short video business.
AI startup Malong receives USD 33M for Series B from SoftBank
Malong
Founder: Huang Dingfeng
Founded in: 2014
Financing status: RMB 220 million (USD 33 million) for Series B financing in 2017
AI startup Malong receives USD 33M for Series B from SoftBank to develop the market overseas.
Smart vending startup Gump Come receives USD 15M for Series B
Gump Come
Founder: Xuan Weiying
Financing status: RMB 100 million (USD 15 million) for Series B financing in 2017
Smart vending startup, Gump Come, received USD 15 million for Series B to digitalize its services by integrating cloud services.
Family service platform Halove receives USD 32M for Series A
Halove
Founder: Shao Chenxi
Founded in: 2015
Financing status: RMB 210 million (USD 32 million) for Series A financing in 2017
Family service platform, Halove, received USD 32 million for Series A on November 13 to serve more users.
Multi-screen interactive solution provider Lebo receives USD 10M for Series A+
Lebo
Founder: Feng Seng
Founded in: 2013
Financing status: RMB 65 million (USD 10 million) for Series A+ financing in 2017
Multi-screen interactive solutions provider, Lebo, received USD 10 million for Series A+ on November 14 for market expansion.
Enterprise social networking app Maimai receives USD 75M for Series C、
Maimai
Founder: Lin Fan
Founded in: 2013
Financing status: RMB 497 million (USD 75 million) for Series C financing in 2017
Enterprise social networking app, Maimai, received USD 75 million for Series C on November 15 to enrich its services and products.
Digital & mobility service provider FutureMove receives USD 8M for Series A+
FutureMove
Founder: Wang Qiang
Founded in: 2015
Financing status: RMB 50 million (USD 8 million) for Series A+ financing round in 2017
Digital and mobility service provider, FutureMove, received USD 8 million for Series A+ on November 14 to provide users with a better mobile travel service experience.
Voiceprint recognition and ID security solution startup SpeakIn receives undisclosed Series A2 in several million USD
SpeakIn
Founder: Chen Haoliang
Founded in: 2015
Financing status: Series A+ financing round in 2017 amounting to tens of millions of RMB (several million USD)
Voiceprint recognition and ID security solution startup SpeakIn received undisclosed Series A2 in several million USD on November 15 to to further invest in the research and development of related products.
Youth apartment rental startup Bestbond receives USD 19M for Series A
Bestbond
Founded in: 2014
Financing status: RMB 125 million (USD 19 million) for Series A financing in 2017
Youth apartment rental startup, Bestbond, received USD 19 million for Series A on November 16 to introduce financial services to facilitate its business.
(Top photo from Baidu Images)
