China Trade Information

Poly Bona, a Chinese movie distributor, will soon receive an investment worth US$30 million from Sequoia Capital China and SIG Asia Investments.

The funds injection, the second round of private fund-raising of Poly Bona if successful, is expected to be completed in two months at the latest, Reuters cited unnamed industry sources as saying. The first round of fund raising was in 2007, when Sequoia Capital China and SIG Asia Investments invested US$5 million each in Poly Bona.

Founded in 1999 and based in Beijing, Poly Bona is mainland China’s most active distributor of imported independent, foreign and Hong Kong movies. Poly Bona has invested in Chinese films such as Red Cliff and the War Lords.

The movie distributor intends to list on the U.S. Nasdaq market, according to the sources.

Huayi Brothers, a major private filmmaker in China, was reported to list its shares on one of the main domestic boards in the fourth quarter this year, which will make it the first listed film studio in China.

Tags: investment

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