China Digital TV and Tongda Venture to invest in China-focused digital TV fund
China Digital TV Holding Co. Ltd, a provider of conditional access systems to China’s digital television market, and Shanghai Tongda Venture Capital Co. Ltd, are backing a fund focused on China's digital TV sector. The target is about RMB3 billion. Initially, China Digital TV will invest RMB100 million in the fund while Tongda will invest RMB200 million. Fund management company Shoutai Jinxin will serve as the fund's general partner.
29 May 2015•2 mins read
