A S$100m (RMB 480m) China-Singapore cross border venture capital fund targeting early- to growth-stage companies in digital media and technology sectors has been launched.
The Gobi Singapore-China Media Ventures Fund aims to promote bilateral industry co-operation between China and Singapore by providing funding support for Singapore companies entering the Chinese market, as well as Chinese companies seeking to internationalise through Singapore.
It features a dual currency structure (50% in Singapore dollars and 50% in Renminbi).
The fund will be managed in Singapore by Gobi Partners, a China-based venture firm that focuses on IT and digital media investment.
FinSMEs
10/08/2010