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.
SOURCE Puji Capital