China's first national industrial investment fund with the theme of media integration, the CCTV Financial Media Industry Investment Fund, was officially established in Shanghai on September 26. The CCTV Media Industry Investment Fund was jointly established by China International Television Corporation, a subsidiary of the Central Radio and Television Station, as well as 26 enterprises, including China Telecom Corporation and the China Cultural Industry Investment parent Fund, with a total scale of 10 billion yuan and a first phase scale of 3.7 billion yuan. The fund mainly invests in 5G, ultra-high definition, artificial intelligence, cloud computing, blockchain and other cutting-edge technology applications, supports new media and new business type, promotes efficiency improvement in all directions, and strives to realize the strategic blueprint of big culture, big capital and big operation.
央视融媒体产业投资基金在上海成立，总规模100亿元
CCTV Media Industry Investment Fund was established in Shanghai with a total size of 10 billion yuan.
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