Wepiao raises $234.8 mln in Series C

Wepiao has raised RMB1.5 billion (US$234.8 million) in Series C funding led by Beijing Cultural Assets Chinese Anci Films & Television Fund. Other investors included CITICS Prosperity Fund, GGV Capital, Southern Capital, Gopher Asset of Noah Private Wealth Management and New Hope Group. Original shareholders Tencent, Wanda and INLY also participated. Wepiao, of China, is a mobile ticketing platform.

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