Oriza, Tencent, Alibaba join CMC investment platform
Oriza Holdings, Tencent Holdings and Alibaba Group have jointly committed RMB10 billion ($1.6 billion) to CMC Holdings, a new investment platform launched by Ruigang Li, founder of Chinese media-focused private equity firm CMC Capital Partners.
CMC's investments will be now managed by two different entities. While short-term financial-driven investments will be managed by CMC Capital Partners, a number of long-term strategic investments will...
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