Seven Ages, a China-based company that produces live musicals based on western properties, raised an undisclosed amount last month in a series B+ round led by e-commerce firm Alibaba’s Live Entertainment Business Group, it revealed yesterday. The round, described by Seven Ages as the largest single investment ever in China’s musical industry, included existing investor Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, though Seven Ages has not disclosed firm details of its earlier funding.
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