US$100m fund to target China media market
Fund launched by China film producer Yu Dong, Tembusu Partners and former NMP Calvin Cheng
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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.
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