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[Partner News] Haobai Holdings strategically invested in 4K Garden

Date: 2020-09-17
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Note: 4K Garden was invested by a management fund of TTGG.

 

Recently, Haobai Holdings (600640), a subsidiary of China Telecom Group, announced that it intends to participate in the capital increase project of 4K Garden Network Technology (Guangzhou) Co., Ltd. (hereinafter referred to as '4K Garden') with its own funds of 62.55 million yuan. After the investment, it will hold 6% of the registered capital of the 4K garden. It is the first true strategic shareholder since 4k garden‘s establishment 3 years ago.

 

4K Garden focuses on the production and copyright operation of 4K high-definition video content. It has reached cooperation with more than 300 high-quality video program organizations and is the only 4K content platform in China that has the ability to continuously update in batches, occupying more than 80% of the market share.

 

After the capital increase, the two parties will carry out in-depth cooperation in the fields of ultra-high-definition copyright operations, ultra-high-definition live broadcast, ultra-high-definition content IPTV distribution, ultra-high-definition video ring tones, etc., to serve hundreds of millions of families and 5G mobile phone users. In the foreseeable future, 4K Garden will launch a new round of financing and plans to prepare for IPO.

 

(Content source: integrated from the WeChat official account of 4K Garden and information from network.)

Partners: In October 2016, TTGG’s Zhongshi Fund, Huashu Digital Investment and Datou Capital jointly established the Shutou Rongyao Fund to invest in 4K Garden. As a leader in the 4K industry in China, it focuses on solving two major problems: lack of 4K content and difficulty in production. At present, it has reached strategic cooperation with Alibaba Cloud, Huawei, Sony, and Xunlei. Meanwhile, it has actively cooperated with broadcasters, telecom operators and domestic and foreign video operators to jointly promote industrial development.


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