China: Sun Seven Stars to launch $437m entity to invest in Wecast Network

China: Sun Seven Stars to launch $437m entity to invest in Wecast Network

Chinese Yuan bank notes. Photo: Bloomberg

Sun Seven Stars Media Group is creating a RMB 3 billion ($437 million) holding company to support and invest in Wecast Network’s future growth and expansion, according to a company’s announcement.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter