TVB 
China Media Capital 
Chinese media mogul Li Ruigang's China Media Capital (CMC) has raised 10 billion yuan ($1.49 billion) in a Series A fundraising round from tech giants Alibaba and Tencent as well as new investors, including real estate developer China Vanke. The new round of fundraising boosts the valuation of CMC to 40 billion yuan ($6 billion).Dubbed "China's Rupert Murdoch," Li was formerly head of Shanghai Media Group and founded CMC in 2006. Li has been eyeing global development for CMC, particularly in Hollywood,...
China Media Capital
Ruigang
Li
Chairman
Having been hailed as the cleverest man in the room in China’s political hierarchy, in Chinese business circles and in Hollywood, where he has numerous high-level connections, Li has seen some of the shine come off his China Media Capital investment empire in the past year. The two-pronged group ranges from stakes in Imagine Entertainment and Jaunt VR pioneer to CAA China and Manchester City soccer club, so some consolidation or disposals seem in the cards. The dissolution of Oriental Dreamworks in 2018 was a blow, but a $1.5 million capital infusion in July should help. So, too, should the box-office success of “The Meg,” the $150 million giant-shark movie co-produced by Gravity Pictures, a CMC portfolio company, and Warner Bros.
