China's top e-ticketing platform reportedly planning $1b Hong Kong IPO

Maoyan Weying is backed by influential investors which includes Tencent and Meituan Dianping.

Maoyan Weying, China’s largest online movie ticketing platform is reportedly planning a Hong Kong IPO that could raise as much as $1b, according to Bloomberg.

As of the third quarter of 2017, Maoyan Weying accounted for a lion’s share or 52.5% of the country’s ticketing receipts to snag the top spot as the country’s leading ticket provider. 

It was formed through the merger of two rival ticketing platforms in september and its investors include Shenzen-listed Beijing Enlight Media Co, Tencent Holdings Ltd and Meituan Dianping. 

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