Citic Guoan

NextVR raises $80m funding round

Virtual reality broadcast specialist NextVR has raised US$80 million in Series B funding, which it said will help to expand its global footprint. With the new financing, NextVR said that it will accelerate development of its virtual reality platform and international operations. The company, which specialises in streaming live VR content, said that it plans to […]

Report: NextVR raises $20m from Chinese firm

NextVR, a company that specialises in virtual reality live-event streams, has reportedly raised US$20 million from Chinese investment group CITIC Guoan. According to a Variety report, CITIC bought Class B shares representing 2.3% of NextVR’s total equity, with the deal part of a planned US$80 million round that will value the firm at US$800 million. […]

Ex-Disney chief Cook launches studio

The Walt Disney Company’s former studios chairman Dick Cook has launched a family entertainment-focused studio with the US$150 million backing of a Chinese finance group. Cook – who spent nearly 40 years at Disney, including a spell as chairman of Walt Disney Studios between 2002 and 2009 – is CEO and chairman of Dick Cook […]