Phoenix Link's first round of equity financing of 100 million yuan Zhang Xiaobo "Strong" movie industry (VC308)

On May 30, the Chinese publishing giant Beijing Phoenix Link Media Co., Ltd. successfully completed the first round of equity financing. The scale of this financing was RMB 100 million. Phoenix Link's existing shareholders, the affiliates of Jiangsu Phoenix Publishing Group and Wanda Group, actively participated in the financing.

"With the strong support and operation of Puji Media and Puji Capital, this financing has been a complete success." Zhang Xiaobo, President of Phoenix Linkage, said that Phoenix Linkage also took advantage of this financing opportunity, with its rich writers and artists network and cultural and creative advantages, Enter the film and television industry with its own high quality. According to Zhang Xiaobo's words, "Strongly enter the film production industry", at the same time, it will acquire different types of cultural industries, achieve a strong extension of the industrial chain, and move towards the goal of an all-round cultural media group.

Phoenix Linkage is China's first publishing company co-founded by a state-owned publishing house and a private publishing company. As of 2009, it is at the forefront of various rankings in the publishing industry. In recent years, a number of best-selling books, such as "China Displeasure", "Yuan Weimin and the Sports World", "Love of Hawthorn Trees", and "People Seeking Better than Self-seeking" have been launched. He has strong strength and development potential in terms of cultural influence. In early 2011, Phoenix Link exclusively planned and published the "Liu Xinwu Continued Dream of the Red Mansions", which also set the first Chinese publication record of 1 million copies. In addition, Phoenix Link is gradually getting involved in the film and television industry. For example, the movie "Love of Hawthorn Tree" is an adaptation of the company's signed books, and it has been a complete success.

The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting. For more information, please click download to view all articles.
Contact number 400-609-6665 800-999-3099
E-mail: