Conglomerate New Hope Group has co-founded a VC fund called Qinghan Fund to invest in media and entertainment, and Huashi Entertainment has also supplied capital.
Agribusiness conglomerate New Hope Group has formed a China-based venture capital fund in partnership with VC firm Crystal Stream Capital and entertainer Lu Han, China Money Network reported on Tuesday.
Qinghan Fund has closed an undisclosed amount of funding from New Hope, film and entertainment group Huashi Entertainment and a fund-of-funds subsidiary of financial media and services company Zero2IPO Group.
The fund will look to invest in early-stage media companies, online content platforms and cultural projects, where Lu Han will…
