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CITIC Trust initiates to launch cinema consumption crowdfunding product

BEIJING
2015-11-11 22:57

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CITIC Trust announced that it had taken the initiative to roll out China's first cinema consumption crowdfunding product with Baidu (BIDU.NASDAQ) and Stella International Cineplex.

The total quota stands at 500 million yuan, while only 10 million yuan will be issued as the first batch. Participants can join in the crowdfunding via logging in Baidu consumption crowdfunding platform and invest certain amount of money ranging between 1 yuan and 10,000 yuan. The funds raised via crowdfunding will be used in the construction of Stella International Cineplex under the supervision of CITIC Trust.

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