Bringing you the latest financing highlights in the tech sector in China.
Maoyan ticket booking site is now a unicorn valuated at USD 3B after Tencent’s USD 150M investment, & more
Maoyan is an online ticketing service platform that operates movie and show ticketing services, film investment, and promotion.
Chinese film critic websites “Douban” and “Maoyan” were blamed for the poor showing of Chinese films in cinemas this year.
What Maoyan and WePiao are planning to do indicates that it’s hard to survive for a platform that only sells tickets online.
The competition for the online movie ticket market is getting fiercer between Meituan and BAT companies.