Entertainment Works, an investment platform focusing on entertainment, culture, fashion and games, announced investment targets on Friday.
Zhang Wei, chief executive officer, said targets include supporting 10,000 cultural workers in business start-ups, investing in 1,000 cultural and entertainment enterprises, promoting 100 companies to go public, building up 10 influential corporations and seeing one firm achieve a Fortune Global 500 ranking.
Established in January, Entertainment Works was co-sponsored by angel investors including Xu Xiaoping and Wang Qiang. A number of top investors in the fields of entertainment, fashion and listed companies have become backers.
Entertainment Works has so far finished two stages of fund-raising, totaling 200 million yuan.
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