China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Huayi Brothers Acquires 20% Of Sequoia-Backed eSports Firm Hero Entertainment For $288M
Aggregated Source: China Money Network
sportsChina's Huayi Brothers has invested RMB1.9 billion (US$288 million) for a 20% stake in Hero Entertainment, an eSports company backed Sequoia Capital and others. After the completion of the transaction, which was initially disclosed in November 2015, Huayi will hold around 20% of Hero Entertainment's expanded share capital and become its second largest shareholder. The […]

Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Original URL: Click here to visit original article
Copyright China Money Network