Sailing Capital Management, an investment firm controlled by Shanghai International Group (SIG), has signed a memorandum of understanding with Shenzhen-listed Shanghai New Culture Media to jointly launch a RMB1 billion ($165 million) fund called Sailing New Culture Private Equity Fund, according to Chinese media reports.
UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech
Want to read this important story?
Access thousands of news articles and data posts over the past 9 years!
