$10m for ‘Chinese StubHub’ Tking
The Shanghai-based secondary ticketing site, which boasts half a million users, reportedly works closely with Chinese promoters to offer inventory for discount prices
News By | 25 November 2016
Chinese start-up Tking has raised US$10 million in initial venture-capital financing as it bids to become the country’s first major homegrown secondary ticketing site.
Shanghai-based Tking (or 牛魔王 in Mandarin, after the Bull Demon King in Journey to the West and featuring said diabolical bull as its logo), has designs on being ‘China’s StubHub’, writes China Money Network, and has since its founding in 2013 sold more than 500,000 tickets in partnership with Chinese promoters and primary ticket agencies.
The series-A…
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