China Media Capital (CMC) has launched an investment platform, CMC Holdings, with capital commitments from Tencent Holdings Limited, Alibaba Group Holdings and Suzhou-based private equity firm Oriza Holdings. CMC Holdings, based in Suzhou city in Jiangsu province, aims to raise over RMB10 billion (US$1.58 billion) and serve as an investment and operations unit under CMC […]

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