On April 2, Beijing Wenxing Gezhi Venture Capital Fund, initiated by ZGC Co-innvoation Fund under the ZGC Development Group, Tianqiao Shengshi Group and Beijing Guang’an Group, held an establishment ceremony. The fund size is 171 million yuan.

The fund plans to invest in culture and technology integration fields, such as AR, VR, AI, meta-universe ecology, animation application, holographic projection and etc.

By giving full play to the investment and service capability in the technology industry of the ZGC Development Group, combining the advantages of Tianqiao Shengshi Group and Beijing Guang’an in cultural resources and space carrier of, the fund intents to push promote the deep integration of sci-tech and cultural sectors, assist the transformation and upgrading of the traditional cultural industries, and driving the rapid development of new forms and models of cultural businesses.

The cooperation will cultivate a number of featured innovators and start-ups through fund investment, covering digital innovations to help artistic performance, the fusion of immersive experience and emerging consumption of cultural tourism, digital upgrading of public cultural service scenes among other areas.  

At the same time, the fund will combine its investment with the development of the Xicheng Cultural Industry Park, and guide high-quality enterprise to land in the Xicheng Industrial Park. It will establish an operation mode of “space + service + investment”, build a 3D park service system of “basic service + value-added service”, set up a number of high-end and distinctive cultural and technological carriers, to provide quality operation services for innovation and entrepreneurship subjects. It will attract projects, talents, capital and industries to gather in the park and create an ecological space for the convergence of “advanced and sophisticated” industries, to boost the development of digital economy in Beijing.