CMC leads $49m round for China entertainment firm Yuehua
CMC Capital has led a RMB300 million ($49 million) Series B round of financing for Yuehua Entertainment, a Chinese music and movie producer. Gravity Media, a Chinese advertising firm, also took part in the round.
Founded in 2009, Yuehua produces and distributes music and films. It also offers artists' training, event planning and digital media promotion. Most of the funding is expected to go towards production...
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