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3D Media China Attracts Investment from Softbank China Affiliate SBCVC

3D Media (China) Ltd.
2007-06-21 13:01 1153

China's 3D Leader Draws Global Top-tier Backer to Spearhead 3D Platform Development in China

SHANGHAI, China, June 19 /Xinhua-PRNewswire/ -- 3D Media (China) Ltd., the creator of the first 3D MediaTainment platform in China, announced today that Softbank China Venture Capital (SBCVC) has taken an equity stake and become a strategic investor ( http://china3dmedia.com/photo.html ) in it's parent company, 3D Holdings Ltd.

Established in 2006 and headquartered in Shanghai, 3D Media China has created a unique nationwide 3D entertainment and media network targeting 100 million young, urban, affluent individuals in major Chinese cities. The strategic partnership with Softbank will enable the group to speed up its expansion and consolidate its market-leading position as China's biggest 3D entertainment and media operator.

"We are delighted to have Softbank as our strategic investor. In addition to providing capital, Softbank's experience in Japan and Korea, the world-renowned markets for online and video games, will no doubt help steer our development in China to new heights," said Mr. Al Pien ( http://china3dmedia.com/boss.html ), founder and president of 3D Media.

"We strongly believe in 3D Media's innovative business model in adopting 3D visual technology to create an entertainment and media platform," said Mr. Chauncey Shey, president of Softbank China Holdings and managing partner of SBCVC. "Our visual experience has been enriched by the progress from black and white to colour TV, and now to high definition. 3D screens will be next -- a natural evolution."

3D Media is the first company in China to have successfully created a 3D entertainment and media platform drawing on leading German 3D technology. The group has recently secured contracts with nationwide internet café chains to install more than 20,000 sets of 3D gaming facilities, and expects to install one million set within three years through the setting up of 3D gaming zones in internet cafes. More than 20 popular 3D games will be launched this year.

About Softbank China Venture Capital

Softbank China Venture Capital (SBCVC) is a leading venture capital in China. SBCVC strives to help outstanding entrepreneurs in China (including Hong Kong, Macau, and Taiwan) build world-class companies. The professional team of SBCVC has first-hand experience in building successful startups, as evidenced through their solid management skills, in-depth knowledge of investment and technology issues, a plethora of marketing, R&D, and financing experiences garnered from working both overseas and in China. SBCVC is the investor of success stories such as Alibaba.com, Taobao and Focus Media.

About 3D Media China

3D Media China is a wholly-owned subsidiary of 3D Holdings Ltd., a media and entertainment holding company focused on integrating advertising, entertainment and internet and video-gaming through auto stereoscopic 3D displays. Founded by Mr. Al Pien in 2006, the company has created a nationwide 3D MediaTainment platform in China through constructing media networks at mid-to-high end shopping malls, stylish nightlife entertainment spots and upscale internet cafes.

Source: 3D Media (China) Ltd.
Keywords: Advertising
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