Beijing-based Chinese online video platform LeTV.com is planning to raise a buyout fund, according to a company announcement. The fund, named Ling Shi Investment Fund, will target to raise RMB500 million to RMB1 billion ($80 million to $160 million). Shenzhen-listed LeTV.com will commit RMB10 million to the fund. LeTV Holdings, the parent company that owns […]
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