# Meiktv.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meiktv-com

- Industry: Travel & Leisure
- Headquarters: Ruichang, China
- Website: www.meiktv.com
- Latest round: Series A (Apr 15, 2021)
- Investors on record: 1

## About

Meiktv.com, headquartered in Ruichang, China, operates a modern chain of KTV venues, offering a unique social entertainment experience through advanced technology and a vast selection of music and video content.Founded in 2017, Meiktv.com provides immersive karaoke experiences across over 600 locations in more than 130 cities in mainland China. The CEO, Hongwei Tang, leads the company in its operations, which began with the launch of its proprietary Video On Demand system in its first store in Beijing. The company has completed one funding round and in April 2021 raised an undisclosed amount in Series A funding from Sequoia Capital.MeiKTV operates as a national chain in the KTV entertainment sector, featuring a proprietary Video On Demand (VOD) system that enhances the karaoke experience with a comprehensive library of music and video content. Besides the VOD system, MeiKTV offers high-quality audio and lighting setups, a robust service framework, and a mobile application called '???' (Mei Butler), which incorporates AI recording enhancement and ranking features. The company's focus is on delivering premium KTV experiences to middle to high-end consumers.MeiKTV follows a direct-to-consumer revenue model, generating income from karaoke room rentals and associated services. Patrons pay a fee for room usage, which varies by location, time, and duration. The company also collaborates with service providers to enhance customer experiences, contributing to its revenue streams, with the VOD system and mobile application being key drivers of customer attraction and sales across its stores.Following the Series A funding round in April 2021, Meiktv.com plans to leverage the capital for the development of new products and expansion into new markets. Specific details regarding upcoming product launches or release dates are not disclosed, but the company is looking to enhance its offerings and potentially expand its geographical footprint beyond its current locations in mainland China.

## Funding rounds

- Series A, Apr 15, 2021 — Hong Shan

## Investors

- Hong Shan — Series A