China’s first cultural media industry fund is in operation; 2 billion yuan collected

CMC’s principal initiator and investor parties have strong financial investment and background of the media industry, including the Shanghai Oriental Culture Industry Investment Co. held by Shanghai Oriental Media Group Limited (SMG, the original Shanghai Media Group), Guo Kai financial limited co., subsidiary of China National Development Bank, Shanghai Dazhong Public Utilities (Group) Co., Ltd. held by Shanghai Volkswagen Group, Shenzhen Tian Zheng Capital Equity Investments Limited, subsidiary of China Merchants China Fund Investment Co., Ltd., Wenhui Xinmin United Press Group, the broadband capital and other institutions.

It is known that the agency will focus on restructuring in the field of culture and media, industry consolidation and innovations, self-positioning to be strategic investors to promote the development of domestic cultural industries across; At the same time the Fund will be committed to the “Chinese culture going out” by using the means of capital to get involved in the international media market, building Chinese global media investment and operation platforms.

Specifically, the fund will focus on providing growth capital, corporate restructuring, management buyouts and other market-oriented financing.

Li Ruigang said earlier that the current assets value of Chinese media had been seriously underestimated, and only the capital market could find all of its internal value and market potentials.


Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

Chinese digital philanthropist entrepreneurs

Chinese digital philanthropist entrepreneursComments Off

Discover the philanthropist entrepreneurs in China   Source:   Chinese CEO’s are turning into real philanthropists. According to, TOP 100 China’s greatest donors have contributed in 2015 for 0,03% of China’s GDP, donated more than 3,8 billion USD and most of them decided to invest in Education or Environment. Also, most of them

Electronic devices market in China

Electronic devices market in ChinaComments Off

The market for traditional products of consumer electronics in China is maturing, more than in the whole world. With the rapid development of information communication technology, China has become the largest manufacturing centre in the world for electronics, including televisions, computers, telephones and DVD players. Here’s electronic devices market in China. Market development in China

WeChat: a success story !

WeChat: a success story !Comments Off

WeChat: a success story !   WeChat in English or Weixin   (??) in chinese means litterally « micro message ». This is a smartphone application developed by Tencent in China  and launched in 2011 and quite similar to smartphone applications like Whatsapp, Line, or KakaoTalk. WeChat allows users to chat one-on-one and in-groups. It’s available for iPhone,

Analysts said Alibaba may acquire Yahoo all assets in Asian

Analysts said Alibaba may acquire Yahoo all assets in AsianComments Off

Alibaba had already hired Duberstein Group (an American company), they will negotiate for acquiring Yahoo asset. Analysts thought Alibaba might buy Yahoo all Asian assets. Softbank Corporation who has a 30 percent stake in Alibaba and also is Yahoo’s a partner in Japan becomes a lobby group with Alibaba. September, Alibaba founder Jack Ma had

Sohu Q2 China Online Ad Sales

Sohu Q2 China Online Ad Sales(0) Inc., operator of China?s fourth most-visited Web portal, posted second-quarter profit that beat analysts? estimates, after the company increased online advertising sales, reported Monday’s Bloomberg.

read more

Contacts and information

Social networks

Most popular categories

Real Time Analytics