GCL and Harmony Capital Sign Non-Binding Term Sheet to Launch Up to RMB150 Million Game and Cultural Industry Fund
1. GCL signed a term sheet with Harmony Capital for a joint fund. 2. The fund will target RMB100-150 million for game industry investments. 3. Over 70% will be allocated to game development and publishing. 4. The fund's seven-year term includes a four-year investment period. 5. GCL aims to expand its influence in the Asian gaming market.