Existing investor Legend Capital has contributed to a series C round of undisclosed size for China-based entertainment provider Shanghai Star48 Culture and Media.
China-based music entertainment provider Shanghai Star48 Culture and Media Group has raised a nine-figure renminbi (RMB100m = $14.5m) amount in a series C round featuring conglomerate Legend Holdings, China Money Network reported yesterday.
The round was led by CMB International Capital Management, part of financial services firm China Merchants Bank, and included private equity and venture capital firm CMC Capital Partners. Legend Holdings took part in the round through its Legend Capital vehicle.
Star48 is best known for having put…
