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 […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.