HONG KONG, April 25, 2016 /PRNewswire/ -- Puji Capital
("Puji") and Jupai Holdings Limited ("Jupai") (NYSE: JP) announced
in Hong Kong the launch of a new
joint venture focused on strategic investments in high-growth
sector companies in Greater China
and United States.
Under the new joint venture, Jupai and Puji will capitalize on
the burgeoning global media and entertainment industry as well as
other high-growth sector companies that have cross-border
attraction in China and
United States such as Technology
and Consumer sectors. Puji will provides direct access to exclusive
investment opportunities and strategic capital partners with
Jupai's trusted network of high net-worth individuals and rich
experience in asset management. As of December 31, 2015, Jupai have $1.9 billion of total assets under
management.
This joint venture's first strategic investment was into Wanda
Pictures which includes the conglomerate's media business including
global and domestic film and TV production, financing, and
distribution. In January 2016, Wanda
agreed to acquire production and financing company Legendary
Entertainment for $3.5 billion making
the company the highest revenue-generating film company in the
world. Puji has a long relationship with the Wanda Group and was
actively involved in Wanda's investment into Beijing FengHong Media
and the company's purchase of British luxury yacht manufacturer
Sunseeker.
Zhu Junjie, co-president of Jupai said, "Given the importance
and growth of China's emerging
consumer demographic over the next 10-20 years, we see this joint
venture a cornerstone of our company's commitment to serving our
clients with unique opportunities from both domestic (China) and global markets. We have already
seen a dramatic increase in Chinese capital in private transactions
but we feel strongly that this is only the start of more global
investments."
"We are very excited to be working closely with Jupai and Wanda
on this first investment transaction. Jupai is not only
China's leading wealth management
companies but is a trusted brand alongside with the other blue chip
cornerstone investors in Wanda," said Alex
Szeto, Director of Puji Media. "Wanda is already one of the
biggest names in China and
Hollywood and we look forward to a
long-term relationship working more closely with them in all facets
of their business – from media and entertainment to sports,
technology, and lifestyle. This joint venture is a perfect
partnership to capitalize on China's fast growth in these sectors."
ABOUT JUPAI HOLDINGS LIMITED
Jupai Holdings Limited ("Jupai") (NYSE: JP) is a leading
third-party wealthy management service provider focusing on
distributing wealth management products and providing quality
product advisory services to high-net-worth individuals in
China. Jupai's comprehensive and
personalized client service and broad range of carefully selected
third-party and self-developed products have made it a trusted
brand among its clients. Jupai maintains extensive targeted
coverage of China's
high-net-worth-population.
For more information, please visit
http://jupai.investorroom.com.
ABOUT PUJI CAPITAL
Founded in 2000, Puji Capital ("Puji") specializes in linking
overseas clients to Chinese capital, investors and consumers by
leveraging a network and investment platform of top family offices
and Chinese conglomerates to channel access to the China market. Puji has a strategic network of
industry and finance professionals and investors and tycoon family
offices across Asia, Europe, and North
America.
For more information, please visit http://www.pujicn.com.
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SOURCE Puji Capital