US$100m fund to target China media market

Singapore

NOTED Chinese film producer Yu Dong, local private equity firm Tembusu Partners and former nominated member of parliament Calvin Cheng have teamed up to start a US$100 million, closed-end fund to invest in China's burgeoning media and entertainment industry.

The anchor investors are likely to include Mr Yu's Nasdaq-listed Bona Film Group, as well as Thai conglomerate Chia Tai Group, otherwise known as the Charoen Pokphand group.