Shenzhen-listed Hunan TV & Broadcast Intermediary Co., Ltd. says its subsidiary, Shenzhen Fortune Venture Capital Co., Ltd., has launched a RMB5 billion (US$805 million) industry fund to invest in the Internet and new media sectors in China, according to a regulatory filing. Shenzhen Fortune Venture Capital has committed RMB898.2 million (US$145 million), or 17.96% of […]

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