Chinese Financier CMC, Investor In CAA & Imagine, Raises $1.5B From Alibaba & Tencent
Chinese state-backed media group CMC, the prominent local and international media and entertainment financier, says it has raised 10B RMB ($1.5B) in a fundraising round from investors including Alibaba and Tencent.
The new investment brings the firm’s valuation to around 400B RMB ($60B), it says. The A-round…
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