Recent news related to Meridian Capital China
On August 19, the 825 New Media Industrial Fund (825 Fund), which is jointly initiated by Shanghai United Media Group (SUMG), Oriza Fund of Fund and Meridian Capital China in a combination of strong industry players, was formally founded. The 825 Fund simultaneously announced to become strategic shareholder of Weimob, a third party service supplier of WeChat, Wizarpos, a smart cloud POS machine, and Oriental Wealth, a financial training organization.
With the development of science & technology and the popularization of mobile terminals, the grand age of mobile internet has arrived, Internet economy is gradually becoming a key booster for China’s economic reform and development. Owing to changes in traffic access points and application methods of mobile Internet, there emerged a series of brand-new investment opportunities. Internet economy is further integrating with traditional industrial economy to unleash tremendous potentials of innovativon development. On such basis, SUMG, a nationally top ranking media group in terms of asset size, Oriza Fund of Fund, China’s first state-level large RMB fund of fund, and Meridian Capital China, a leading TMT investment and management company in China, in a move to combine strong industry players, and join hands with other domestic industry leading enterprises, listed companies and institutional investors, jointly initiated an RMB fund with a size of 1.2 billion, and mainly dedicated to investment in Internet new media industry. This fund will fully reflect features of diversified entity, industry integration and in-depth convergence between mainstream media and new media, dedicated to making deployment and investment in potential-promising and growth-oriented projects for new media content production, consumption transition and technology support steps in the age of mobile Internet, aiming to build the most professional new media investment fund in China.
The three organizations signing the agreement this time are all leading enterprises in their respective sub-sectors. Weimob is currently the biggest WeChat development service provider in China, and provides WeChat public account development service and extended services for nearly 500,000 small and medium-sized firms. In 2013, it was awarded “Best Micro Application Development Service Provider of the Year” title by the China Micro Application Developer Conference, which established its leading position in the industry. Shanghai Wizarpos is a hi-tech company dedicated to security and advanced payment solutions; it builds safe and open smart POS cloud platform, and provides “Equipment + OS + Terminal management + Application development” overall solutions for Smart Cloud POS, and will become a key step in enhancing online and offline payment experience. Oriental Wealth is a leading financial practical training organization and wealth management research organization in China, and also currently the largest financial planner online education enterprise in China, its online training business accounts for 60% above of company income, offline it boasts over 30 direct subsidiaries and service outlets in all major cities across the nation.
