How Li Ruigang, China’s ‘Rupert Murdoch’, is building a global media empire
China Media Capital (CMC), mainland China’s most influential media and entertainment investor, is no stranger to overseas investment and has the ambition to build a global business empire.
Founded in 2009 by chairman and single largest shareholder Li Ruigang, dubbed China’s Rupert Murdoch, the company is the mainland’s first fund dedicated to media and entertainment investments in China and abroad.
“CMC aims to build a global presence in the industry, and it very much would like Hong Kong to be a key part of it,” the former Shanghai government official told reporters on Friday.
The company focuses on the production of films, television dramas, variety shows, animation, as well as the provision of home entertainment and information over the internet.
CMC aims to build a global presence in the industry, and it very much would like Hong Kong to be a key part of it
It also operates live entertainment businesses, including cinemas, theme parks, events and exhibitions management.
CMC’s shareholders include e-commerce giant Alibaba Group – owner of the South China Morning Post – internet titan Tencent and investment funds.