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Media business
Hunan animation powerhouse and SequoiaPosted by Jeremy Goldkorn, June 27, 2007 1:02 PM
Billsdue blog has translated some interesting news about the animation industry in a post titled 'Caijing On Foreign Investment In China's Entertainment Industry'. Excerpt: Among the interesting tidbits mentioned is that Sequoia China has apparently closed up to a $10M investment into Polybona (保利博纳. Variety backgrounder), one of China's largest private film distribution companies. Sequoia China is the Chinese investment vehicle of the famous Silicon valley VC firm that was an early investor in Google and Youtube. Read the whole thing on Billsdue (proxy link for people in China), or see the original Chinese article is on Caijing's website. UPDATE From a press release published on CNN.com: Linktone Ltd. , a leading provider of wireless interactive entertainment products and services to consumers in China, announced today that the Company has formed a joint venture with Greatdreams Cartoon Industry to provide animated cartoon wireless value added services to 367 million teenagers in China.
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