News Column

Yuehau Entertainment Finances CNY300mn

August 7, 2014

SHANGHAI, August 7, SinoCast -- Yuehua Entertainment announces that it has completed B-round financing. CMC Capital and Gravity Media have been strategic shareholders of the company.

The financing reaches CNY 300 million.

This is the first investment CMC Capital made in new film and TV entertainment firms.

Investment acceleration likely benefited from successful financing of the first-phase US dollar fund. CMC Capital said in May that its US dollar fund financed USD 350 million. Thereafter CMC became a renminbi-US dollar PE investment fund.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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