NETDA digital culture industry boosts with fund, base signings
The Nantong Digital Culture Innovation and Development Investment Fund project and the Shangxiang Entertainment Group Nantong Base project were signed in the Nantong Economic and Technological Development Area (NETDA) on Feb 9, accelerating the area's digital culture industry.
The investment fund aims to focus on investing in various digital technology and artificial intelligence application projects in fields such as culture, cultural tourism, and the service industry.
The fund will collaborate with Yize Capital, which manages assets exceeding 6 billion yuan ($869.36 million), to support industrial upgrading through capital and promote the deep integration of culture and technology.
The concurrently signed agreement with Shangxiang Entertainment Group for the Nantong Base will focus on establishing a film and television (short video) shooting base, film and television production, and urban cultural tourism investment and operations in Nantong. It also plans to participate in the foundation of the Nantong Digital Culture Innovation and Development Investment Fund.
In the future, NETDA aims to continue accelerating the attraction and cultivation of quality digital culture projects, enhance the industry's clustering effect, and promote the high-quality development of the cultural industry.
