3D Media (China) Ltd., the creator of the first 3D MediaTainment platform in China, announced on Tuesday that Softbank China Venture Capital (SBCVC) has taken an equity stake and become a strategic investor 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, 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 sets 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.
(China.org.cn June 19, 2007)
