CITIC Kingview Capital Joins $96M Series B Round In Chinese Movie Studio

Chinese movie and television production firm Helichenguang International Culture Media (Beijing) Co., Ltd. has completed RMB629 million (US$96 million) series B round of financing with a post-money valuation of RMB3.3 billion (US$502 million), according to Chinese media reports.

Investors in the round include CITIC Kingview Capital Management, Shanghai GP Capital, China Merchants Wealth, China Cinda Asset Management, Tianxing Capital and others.

The company did not immediately respond to an inquiry to confirm the news.

The Beijing-based company, founded four years ago, has applied to list on China’s New Third Board last November.

Its application is currently being reviewed by the National Equities Exchange and Quotations (NEEQ), says the reports.

Helichenguang International Culture Media is behind several Chinese blockbusters, including the Tiny Times trilogy (pictured) and popular television show All Quiet in Peking.

The company aims to become a comprehensive service platform to the Chinese film and television industry, providing production services, promotion and marketing, script revisions and investment services, according to its website.

 
China Expert network

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