Tencent’s Weiying Completes $694M Series C+ Venture Round

Shenzhen-listed Chinese online gaming firm Dalian Zeus Entertainment Co., Ltd. has led a RMB4.5 billion (US$694 million) series C+ round in Weiying Technology Co. Ltd., the operator of movie ticket booking mobile app Wepiao, according to Chinese media reports.

Existing investors Tencent Holdings Ltd, CMC Holdings, Chinese mobile gaming firm iDreamSky, Everbright Financial Holding Asset Management Co., Ltd. and Ocean Capital Group Co., Ltd. also participated in the round.

The latest fundraising follows a RMB1.5 billion (US$235 million) series C round of financing led by Beijing Cultural Assets Chinese Anci Films & Television Fund announced in November 2015.

The valuation of the start-up has also jumped to US$2 bi...

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