Alegal counsel involved in IMAX’s sale of a 20% stake in Imax China to two China-focused investor groups said there has been a rise in the number of foreign media or entertainment companies introducing China-focused funds or China-based partners into their businesses.
“The media industry in China is still growing at a very fast rate,” Jeanette Chan, Hong Kong-based head of the China Practice Group at Paul Weiss Rifkind Wharton & Garrison, told China Business Law Journal. “And foreign entities wish to partner with local investors that understand and know the local industry and environment well, so that there is less of a learning curve when the foreign entities expand into China or adapt their business model for the China market.”
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