Sailing Capital, Shanghai New Culture Media launch $165m fund
Sailing Capital has teamed up with Shanghai New Culture Media, a Shenzhen-listed media enterprise, to launch a RMB1 billion ($165 million) culture fund.
The Sailing New Culture Private Equity Fund, managed by Sailing Capital, is expected to receive RMB200 million from New Culture Media. It is seeking a further RMB310 million from private enterprises and...
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