China’s film and drama market has declined this year because of the effects of the global Co-vid 19 pandemic. New film and drama projects have been hit through a combination of a Government crackdown on tax evasion, a squeeze on the shadow banking sector and a reduction in consumer spending.
Famous Investor Jiahao Zhang
At the end of 2020, a drama, called Roving Inspection Team, has proven to be an immediate hit in China, which is directed by Lu Li and produced by Xuezheng Li. It has achieved recent ratings of 7% and this broke a 3-year record for China’s domestic television drama market.
Bearing in mind that local film and drama producers have found it extremely difficult to secure funding for their projects since the easily obtainable money left the industry, what makes Roving Inspection Team remarkable in terms of securing funding and its production?
Founded in 2018, the Thirty-Six Stratagems Venture Capital Fund began with assets of 500 million. The Fund is emerging rapidly as an active investor in both Chinese and Hollywood film and drama projects.
Jiahao Zhang, the founder of the Thirty-Six Stratagems Venture Capital Fund, is a Chinese American business magnate, investor and philanthropist. He was awarded an honorary doctorate by the United Kingdom’s Cambridge University and was appointed its first Business Ambassador. He is Chairman of the America China Investment Promotion Association (one of the most influential Non-Governmental Organizations between China and the United States of America), Founder of the Anhui Merchants Charity Foundation, and Chairman of the American Metropolitan Capital Management Group. He has been a guest on many TV shows and is popular among outstanding start-ups by advocating: “We invest in people, where dreams get wings”.
As a well-known cross-border investor in the film and drama industry, Jiahao Zhang has managed many worldwide funds including government funds, venture funds and joint-venture enterprise investment funds. Due to his outstanding achievements in promoting regional economies and emerging markets, he is known as “King of Capital”. Many renowned business schools have used his successful business experiences as Case Studies.
Jiahao Zhang has been a key figure in the worldwide integration of finance for investment purposes and, in investment fields, he has led many of the hottest initiatives and trends through investments in IT, cutting edge technology, international education and football clubs.
He has focused on industries that he believed to have the potential to benefit society from either an economic or technological standpoint over a five-year period. In contrast to traditional investors, who believe in investing in the strongest firms in the fastest-growing sectors, Jiahao Zhang has invested in those firms that benefit from a trend even if only indirectly.
Currently, he has focused his investments mainly on health technology, environmental protection and culture. Over the years, he has been successful in operating many projects in pursuit of: “Do less but do it right”.