Alibaba, Tencent lead 1.5 bln USD investment in media group CMC

Source: Xinhua| 2018-07-03 21:50:41|Editor: Xiang Bo
Video PlayerClose

SHANGHAI, July 3 (Xinhua) -- Chinese media and entertainment group CMC Inc. Tuesday said it had raised nearly 10 billion yuan (1.5 billion U.S. dollars) from investors, including Internet giants Alibaba and Tencent, and property developer China Vanke.

Founding shareholders Alibaba and Tencent and new investor China Vanke led the A-round fundraising that values CMC at nearly 40 billion yuan.

"The global media and entertainment industries are undergoing a new round of adjustment and transformation as the tech revolution drives constant changes in the consumption of content," said Li Ruigang, chairman and chief executive officer of CMC, which was founded in late 2015.

"As a major economy and consumer market, China has the potential to nurture a new-generation media and entertainment conglomerate," Li said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001372991841
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲伊人成大香线蕉99综合 | 亚洲国产第一区第二区第三区 | 亚洲AV不卡每天更新 | 日韩欧美国产精品91 | 日韩中文字幕高清在线 | 一本精品日本在线视频精品 |