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Tencent, Alibaba And Vanke Co-lead $1.5b Series A Round In China Media Capital – China Money Network
China Media Capital (CMC) Inc., a media and entertainment company, has raised a RMB10 billion (US$1.49 billion) series A round led by Chinese real estate developer Vanke, and existing investors Chinese tech giants Alibaba Group Holding Ltd., and Tencent Holdings Ltd. CMB International Capital and others also participated in the round, giving the firm a RMB40 billion (US$6 billion) post-money valuation, according to Chinese Cultural Group’s announcement. CMC Inc., is led by Li Ruigang, former president of Shanghai Media Group. Full investment news article
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Louisiana Economic Development,
Norwegian Energy Producer To Invest More In North Sea Field
Norway's largest oil and gas company says it will invest an estimated 7.8 billion kroner ($936 million) to further develop an offshore oil and gas field beyond 2050 to strengthen the country's ability to supply Europe with gas. Full investment news article