Chinese online ticketing platform Maoyan Weiying has filed on Monday for an initial public offering in Hong Kong under the listed company name Entertainment Plus, according to its prospectus. The company is planning to raise US$1 billion, according to media reports citing insiders. However, the official financial terms remain undisclosed. Investors of Maoyan Weiying include Beijing-based television and film company Enlight Media, Tencent Holdings Ltd. and Meituan Dianping, with 48.8%, 16.27% and 8.56% stakes, respectively. The proceeds will be used on the …

Chinese Online Ticketing Firm Maoyan Weiying Files For HK IPO appeared first on China Money Network.