Fosun to seek gold on the silver screen

Conglomerate joins Shanghai Film Group to produce, distribute movies

Private conglomerate Fosun Group and State-owned Shanghai Film Group on Tuesday announced the establishment of a joint investment fund to tap into opportunities in China's burgeoning film and entertainment market.

The fund will be used as a platform to cooperate in such areas as film and television production, distribution, screening and development of derivative products, according to a statement on Fosun's official website.