China: Bona Film Group, CAA launch $150m fund; Lechebang closes $43.7m Series B

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

Bona Film Group and CAA have launched a joint $150 million film fund while automotive services platform Lechebang has closed a $43.7 million Series B round.

Bona Film Group and CAA launch joint $150m film fund

Chinese film distributor Bona Film Group has partnered Hollywood talent agency Creative Artists Agency (CAA) to launch a jointly managed $150 million film fund that will invest in English-language movies, Sino-foreign co-productions, and Chinese-language productions catering to a global audience.

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