The financing total of Motianlun Ticketing, till now, has reached 40 Million USD. The number breaks the record of finance amount for online ticketing service company.
Motianlun Ticketing, an online concert ticket-trading platform, has recently claimed that it has finished B+ Financing Round with the amount of 25 Million USD. This particular round was led by Qiming Venture Capital and Pusi Capital, followed by all institutional shareholders, like Lanhu Capital and was also counseled by Chongying Capital. The financing total of Motianlun Ticketing till now has reached 40 Million USD. The number breaks the record of finance amount for online ticketing service company.
Motianlun Ticketing responded that this round of financing will still be using to improve its own products and services, and provide its customers better interface for ticket purchasing and lower price for them to enjoy live entertainment.
Motianlun Ticketing, founded in July 2015, focuses on being an intermediary platform for upstream and downstream markets. Motianlun integrates different ticketing resources from event’s promoters, ticketing agencies and personal sellers on its own platform. Using the formula of “multichannel resources with the lowest price”, it allows its users to find their desired tickets at a better price more efficiently. Motianlun also achieves fair trade in the market and protects its customer’s rights by enforces rules like Seller’s Real-Name System, Pricing Threshold, and Speculation Prevented System. As a market supervisor and service company for its customers, Motianlun also provides service in Ticket Authentication, Delivery, Customer Service and Ticket Pick-Up.
Motianlun has sold over 2.5 Million tickets in the past 2 years since its establishment. Among those 2.5 Million, 92% of them are discounted pricing, which saved its customers over 100 Million CNY. In 2017, Motianlun’s seasonal volume of trade has increased by 50%, with Q3’s volume of trade reaching 140 Million CNY.
Translated by Yuming Xie
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