News Focus

Meridian Capital today announced the formal setup of 825 Phase II Fund, its fifth RMB fund. Cornerstone investors of 825 Phase II include Shanghai United Media Group, Oriza Fund of Fund and Gopher Asset Management, with a management scale of RMB 2 billion yuan, the investment mainly revolves around “Internet +”, cultural new media, information technology and relevant fields, the investment stage is focused on A Round major investment, while giving parallel attention to follow-up integration and M&A of already invested enterprises.

This time’s investment marks another instance of cooperation among the co-initiators. In August 2014, Meridian Capital, Shanghai United Media Group, Oriza Fund of Fund, and Gopher Asset Management together initiated 825 Phase I Fund with a size of RMB 1.2 billion yuan. Since its inception, by March 2016, 825 Phase I invested a total of over 50 projects, total investment amount topped 1 billion yuan. It successfully invested a large number of industry well-known projects including www.weimob.com, Houghton Media, www.jiemian.com, www.kaistart.com, www.qianka.com, SKIO, and www.joyowo.com, the deployment of industrial chain is near perfection.

On the basis of successful cooperation in 825 Fund Phase I, the Phase II Fund was again jointly set up by the above-mentioned cornerstone investors with invitation from Meridian Capital, other institutional investors showed active response, aiming to create a representative fund in the cultural new media field through alliance between giants.

Founded in 2008, Meridian Capital is one of the earliest RMB funds contributing investment to mobile Internet and cultural sector in China, its investment directions mainly cover culture and entertainment, consumption upgrading, digital marketing, and corporate service fields. As an expert at deployment and integration of industrial chain, up till now it has established investment relationship with nearly 100 enterprises, with evident industrial cluster effect. In the next 5 years, apart from efforts to strengthen deployment in key segmented sectors, including: Pan-entertainment and IP operation, consumption upgrading (consumption Internet), corporate service (industrial Internet), new technology fields, Meridian Capital will also accomplish scale effect and breakthrough upgrading through integration of invested enterprises.