Sun Seven Stars Sets Up $437M Entity To Fuel Growth Of Wecast Network

Sun Seven Stars Media Group, an investment vehicle controlled by Chinese media mogul Bruno Wu, has agreed to create a RMB3 billion (US$437 million) holding company to support and invest in the future growth of Chinese content video on demand service provider Wecast Network, Inc., formerly YOU On Demand Holdings, Inc.

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Nina Xiang
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.