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Business / Economy

Angelababy and other celebrities jump into private equity

By Zhao Yanrong (China Daily) Updated: 2016-07-01 08:08

Angelababy and other celebrities jump into private equity

In January, TV host He Jiong invested, as a limited partner, in Changba.com, a social networking platform.[Photo/VCG]
According to the Asset Management Association of China, the number of registered PE funds was 30,260 by the end of May, an increase of 121 percent year-on-year. The total subscribed capital was 6.45 trillion yuan ($970 billion), and paid-in capital was 5.3 trillion yuan.

"Because of celebrities' popularity, the projects those stars invest in usually attract more attention than general marketing events. But those star investors' professionalism is often questioned by real investment institutions," the report said.

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