CITIC Becomes the Largest Shareholder of DVN



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	CITIC Becomes the Largest Shareholder of DVN Chinese Internet Venture Capital, Chinese Internet VC CITIC Group, a state-owned investment company, has become the largest shareholder of Hong Kong-based DVN (Holding) Limited, China's leading provider of digital broadcasting technology, with 25% of its stocks. Terry Lui, CEO of DVN, expressed that the cooperation would benefit both, since CITIC hoped to complete its industrial chains of digital television, while DVN attempted to become the technology and service provider for CITIC. CITIC possesses of abundant channels and users with Great Wall Broadband, Pentium 1 network, and shares of cable television network companies of 17 Chinese cities. It has purchased the stocks of Hong Kong-based TVB and plans to acquire others, in order to gain content resources. DVN, on the other hand, is China's largest provider of set-top boxes, with 50% of its market share. Yet it hopes to become an operator of digital television added-value services instead of merely a device provider. The cooperation with CITIC, with ten million users in China, will help reduce its marketing costs. Oversea Venture Capital, Foreign Angel Investor, Oversea Angel Investor Investor Oversea, VC Foreign, Venture Capital Foreign, VC Oversea Venture Capital Oversea, Angel Investor Foreign, Angel Investor Oversea Foreign Funding, Foreign Investment, Oversea Funding, Oversea Investment Our professional team can help you package your business plan in standard western style requirements for foreign VC. We are definitely the biggest, fastest and strongest investment house for China Chinese Internet Venture Capital Business: • Deal Structuring & Pre-IPO • Accounting Valuation & Valuation Consulting • Financial Due Diligence • Business & Marketing Strategy Development • Business Investments & Funding • Private Equity Advisory • Project Finance • Regulatory Compliance & Reporting • Legal, Accounting, & Tax Consultation • Help Chinese Internet VC to seek Chinese Internet Venture Capital market • Provides marketing analysis consultation services for China IT industry • Comprehensive database of online marketing statistics for China • Assist Chinese Internet Venture Capital companies to partner with Oversea Company • Providing up-to-date market information • Providing up-to-date a buyers' network • Providing up-to-date financing and business consultancy CHinaeCapital Inc.: Chinese Internet Venture Capital, Foreign VC, Foreign Venture Capital, Oversea VC Oversea Venture Capital, Foreign Angel Investor, Oversea Angel Investor Investor Oversea, VC Foreign, Venture Capital Foreign, VC Oversea Venture Capital Oversea, Angel Investor Foreign, Angel Investor Oversea
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