Juooo

About Juooo

Shenzhen Juooo Network Technology Co., Ltd., operating as Juooo (Juooo.com), is a comprehensive entertainment entity in China, founded in 2007 by Geng Jun. Initially launched as an SNS community for arts enthusiasts, the company pivoted due to the challenges of monetization. It first shifted to online ticketing before expanding into the broader live entertainment sector, establishing a vertically integrated business model.

Geng Jun, who has a background as a medical doctor and had early entrepreneurial success with a medical website in the U.S., brought a unique perspective to the entertainment industry. His journey includes earning a PhD, co-founding a medical website that was acquired, and experiencing the dot-com bubble burst with a subsequent venture, which informed his resilient business strategies.

Juooo's business model is described as a full-chain "O2O" (Online-to-Offline) and "F-3C" (Fund-Content-Channel-Customer) approach. This model encompasses the entire entertainment industry value chain, including content production, artist and performance brokerage, theater operations, and ticket sales. The company serves a broad audience with events spanning pop and classical music, children's plays, drama, and dance. Revenue is generated through ticket sales from its platform, which covers over 100 cities, alongside profits from its produced shows, theater management, and sales of merchandise.

The company operates numerous subsidiaries to manage its diverse portfolio. These include 'Xiao Cheng Bao' for children's theatre, 'Wanyou Music' for its music label, and 'Juooo Theatre Circuit,' which by 2018 managed over 75 theaters, making it a leading theater operator in China. Juooo has also invested in international productions, including several Broadway shows. The firm has successfully completed multiple funding rounds, with its latest being a Series B in 2016 and a Pre-IPO round in the same year, attracting investors like Haitong Bank, Meridian Capital, and Star VC.