China Daily Session at Hong Kong Venture Capital and Angel Investment Conference on 5 Dec, 2014 (ENG)

Industry Leaders Meet in Hong Kong
Investment Opportunities in China’s Entertainment Industry Powered by the Internet

Dec 5, 2014, Hong Kong – China Daily held a Special Panel Session on “The Midas Touch: A New Breed of Investors in China's Entertainment Industry Powered by the Internet” at Hong Kong Venture Capital and Angel Investment Conference at 10.45am to 11.30am in Hong Kong Convention and Exhibition Centre toexplore investment opportunities in China’s flourishing Entertainment Industry.
China has been striving to develop its culture industry with heavy investment in the production of movies, TV series and other programs suitable for the new media. With its huge population and a rapidly growing middle-class, China's entertainment market is growing the fastest in the world. According to estimates by the Motion Picture Association of America, there are 13 new cinemas opening in China every day. Last year, The Chinese movie market overtook Japan as the world's second largest in box office revenue.
Alibaba pioneered the establishment of an investment fund through which investors can invest in the production of movies, TV programmes and online games. Since then, several other technology companies, including Baidu, Tencent and many others, have also introduced similar funds.
Mr. ZHOU Li, Publisher & Editor-in-Chief of China Daily Asia Pacific opened the session highlighting China's cultural industry, especially the film industry,is blossoming exponentially. This lucrative industry has attracted a new wave of internet-led investors.Mr. Zhou also welcomed distinguished speakers, including Mr. WANG Guo Wei, Founder, National Film Capital; Mr. David CHEN, Co-Founder, AngelVest and Mr. Karon WAN, Public Sector Managing Partner, Deloitte Consulting (Hong Kong) Limited.
Mr. Wang observed the rise in China’s movie industry. He says, “we have witnessed an explosive investment growth in China’s movie industry in the first half of 2014.”
Mr. Chen agreed that China’s entertainment industry is flourishing with increased capital injection into the industry. “We’ve seen many trends happening in entertainment and media industries in China during the past couple of years, very similar to what we’ve seen in the US about two decades ago.”
Mr. Wan also saw a new breed of investors in China’s entertainment industry, saying that “the entertainment industry in China is actually moving very fast, people are investing in this industry for various of reasons and they are not necessarily experts.”
This is our first cooperation with Hong Kong Science & Technology Parks Corporation and our session has attracted over 400 angel investors and entrepreneurs to garner insights on unprecedented investment and financial opportunities in China’s cultural industry which is effectuated by the Internet.

About China Daily Asia Leadership Roundtable
The China Daily Asia Leadership Roundtable is a by-invitation network of movers and shakers in Asia providing platforms for focused dialogue, issue investigation, and possible collective action on strategic issues relating to economic, business and social development in Asia. Our aim is to enhance communication and increase mutual understanding between China, Asian and Western countries. Roundtable events are held in major cities across Asia. (http://www.cdroundtable.com)