Singapore's MDA and Gobi Partners to launch $74 million fund
China-based VC firm Gobi Partners has signed a deal with Singapore’s Media Development Authority (MDA) to launch a S$100 million ($74 million) Singapore-based fund aimed at encouraging domestic digital media companies set up shop in the Mainland market.
Gobi Singapore will manage the fund, which reportedly will maintain a focus on opportunities in China's online gaming sector, and will additionally invest in Chinese companies looking to build on Singapore's...
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