Magazine article Screen International

Chinese Ticketing Platform Weying Launches Outpost for International Films

Magazine article Screen International

Chinese Ticketing Platform Weying Launches Outpost for International Films

Article excerpt

Chinese online ticketing platform Weying Technology and Lead Capital general partner Johnny Hsu have launched a Hong Kong-based joint venture, Weying Galaxy Entertainment, to invest in international films.

Hsu has been appointed chairman of Weying Galaxy, while Gary Locke, the former US ambassador to China, will serve as a special advisor. Lead Capital specialises in mergers and acquisitions in the entertainment and sports industries.

In addition to backing international projects, the new outfit will leverage its marketing and distribution channels to help foreign films increase their box office in mainland China.

Weying Technology, which operates the Yupiaoer (formerly Wepiaoer) ticketing platform, is jointly backed by Tencent, Wanda, China Media Capital (CMC) and China Culture Investment Fund. …

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