Marbridge Daily

<- May 23, 2012 ->

Wasu Lands RMB 100 Mln in Funding

Daily Business, 5/23/12

Hangzhou-based DTV and IPTV operator Wasu Digital Television Media Group recently signed an investment framework agreement with China Culture Industry Investment Fund Management for RMB 100 mln in funding to support Wasu's system construction and business expansion as part of Zhejiang's province-wide network integration process.

Wasu previously landed RMB 5 bln in financing from Industrial and Commercial Bank of China (ICBC).

Editor's Note: For more background on this topic, please see "Wasu Lands RMB 5 Bln in ICBC Financing" MD 5/18/12 issue.

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