Sign up | Log in



Home  >>   Daily News  >>   Singapore News   >>   Singapore inks Chinese deals
NEWS UPDATES 3 August 2010

Singapore inks Chinese deals

Singapore and Chinese companies and industry associations have signed 18 business deals and memoranda of understanding (MOUs) in Shanghai, China, on the sidelines of the World Expo.

These include an agreement signed on Monday by the Media Development Authority (MDA) of Singapore with a China-based venture capital firm, Gobi Partners, to start a S$100 million fund.

This will allow Singapore digital media companies seeking to expand in China and beyond to tap onto the fund.

As many Singaporean companies are held back by funds, the S$100 million Gobi fund will support companies entering the Chinese market.

It will also support Chinese companies that want to venture into Singapore. This will mean a greater exchange of digital media content between the two countries.

The announcements were made by MDA on Monday at the China-Singapore Media Industry Exchange.

Dr Christopher Chia, CEO of MDA, said MDA's target is to support about 1,000 Singapore companies over the next few years.

He added: "Many of the small companies generally have very creative founders, very creative staff working in them. Generally, what happens though after a while is that when they develop projects, they find some difficulty scaling it for an international market place.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand