Seems our Chinese Overlords are branching out into the Tech, Media and Telecoms industries. 643.5 million RMB works out about 100 million dollars, which is still a pretty hefty sum to invest in the sector.
Who knows? Maybe they could end up bankrolling the next Trek series.
BEIJING, Sept. 5, 2011 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator based in China, today announced that one of its consolidated entities has recently entered into a definitive agreement to invest in a venture capital fund (the "Fund") to be formed by such entity and one or several general partners unrelated to Perfect World. The Fund will primarily focus on investing in companies with high-growth potentials in the technology, media and telecommunications ("TMT") sector and will be managed by such general partner(s). Perfect World has agreed to invest a total of approximately RMB643.5 million in the Fund as a limited partner over a nine-year period.