FountainVest, an independent private equity firm in Asia, completed the acquisition of a minority stake in Maoyan Entertainment, a platform providing innovative, internet-empowered entertainment services in China, for $132m. "Starting from its initial business in online entertainment ticketing, Maoyan has grown into a leading integrated entertainment service platform with multiple drivers for growth. We are delighted to become a shareholder, with co-investment from the company's CEO Mr. Zheng. We endeavor to leverage our experience and sector resources to help the company further expand its business, achieve long-term development, and ultimately provide better entertainment experiences to Chinese consumers," George Chuang, FountainVest Co-President.