Crystal Stream, Pop Star Lu Han Jointly Establish New China Venture Fund

Chinese venture firm Crystal Stream Capital has established a new venture fund named Qinghan Fund with Chinese movie star Lu Han and dairy producer New Hope Group. The investment vehicle will aim to invest in early-stage cultural projects, online content platforms and media companies.

Qinghan Fund has completed a first close from New Hope Group, a fund-of-funds under Zero2IPO Group, and Chinese film and entertainment company Huashi Entertainment Group Inc. No financial details were disclosed.

According to the State Administration for Industry and Commerce (SAIC), Qinghan fund's shareholders includes Caogen Hechuang Asset Management Co., which is owned by the chairman of New Hope Group, Qinghan Gaoyuan Investment Co., owned by the founder of Crystal Steam ...

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