<article>Tang Media Partners has announced the latest acquisition of Open Road Films while T2 Cloud has secured $14 million in a series B round.</article>

Tang Media Partners has announced the latest acquisition of Open Road Films while T2 Cloud has secured $14 million in a series B round.
<h3>Tang Media Partners buys Open Road Films</h3>
<a href="https://www.dealstreetasia.com/?s=Tang+Media+Partners+">Tang Media Partners </a>has acquired<a href="https://www.dealstreetasia.com/?s=+Open+Road+Films"> Open Road Films</a>, the movie distribution company of Oscar-winning “Spotlight”, for an undisclosed sum.
This is part of Tang Media Partners’ $500-million investment strategy in the entertainment company.
“Open Road is among the best independent theatrical distribution companies in the entertainment world, from its established infrastructure and dedicated leadership, to its solid track record for producing captivating stories,” Tang Media Partners’ chief executive Donald Tang said in a statement.
Tang Media Partners was set up in 2015 and is based in Los Angeles and Shanghai. It reportedly completed a large funding round this year from shareholders and investors including Tencent Holdings, Huayi Brothers, Sequoia Capital and China Media Capital.
In June last year, it acquired a controlling stake in IM Global from India&#8217;s Reliance Group.
<h3>T2 Cloud raises $14m series B</h3>
Chinese cloud solutions provider <a href="https://www.dealstreetasia.com/?s=T2+Cloud">T2 Cloud</a> has received nearly RMB100 million ($14 million) in a series B round.
The investors in this round include a software developer <a href="https://www.dealstreetasia.com/?s=sinosoft">Sinosoft</a> Co Ltd; however, the company does not reveal the lead investor.
T2 Cloud continues raising a series B+ round and plans the listing on local stock market in three years, according to local media’s reports cited the company’s announcement.
Founded in 2011, T2 Cloud has developed and provided cloud services to corporate customers. It raised RMB36 million ($5 million) from F&amp;G Venture, Lenovo Capital and Incubator Group and Phoenix Tree Capital last year.
It will use the new funding for research and development as well as market expansion. Along with the investment, Sinosoft will support T2 Cloud to tap into the financial industry.
Also read:
<a href="https://www.dealstreetasia.com/stories/43106-43106/">TMP acquires controlling stake in IM Global from India’s Reliance Group</a> 
<a href="https://www.dealstreetasia.com/stories/chinas-recon-eyes-100m-deal-for-u-s-movie-producer-65094/">China’s Recon Cable to lift $100m stake in US movie producer</a> 
<a href="https://www.dealstreetasia.com/stories/china-alibaba-to-acquire-30-stake-in-film-investment-firm-hehe-pictures-59403/">China: Alibaba unit to acquire 30% stake in Hehe Pictures</a>

Tang Media Partners announced the latest acquisition of Open Road Films. T2 Cloud secures $14 million in series B round.

China: Tang Media Partners buys Open Road Films; T2 Cloud raises $14m series B

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

China: Tang Media Partners buys Open Road Films; T2 Cloud raises $14m series B

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief