Canxing Zhizuo Valuation, Funding & Investors

Canxing Zhizuo is valued at $2.5B as of June 2018.

Last Canxing Zhizuo valuation

$2.5B

Undisclosed stage · Jun 2018

Last Canxing Zhizuo funding round

$56M

Undisclosed stage · Jun 2018

Cumulative funding Canxing Zhizuo raised

$64M

across 3 funding rounds

Key investors in Canxing Zhizuo

  • Zhefu Holding Group Co
  • Ali Chuangtou
  • Fengshi Investment Management
  • Yanshan Touzi
  • Tibet Qiming Music

Canxing Zhizuo Overview

About Canxing Zhizuo

Canxing Zhizuo is a Shanghai-based producer of variety television and online programs, creating shows like Go Fighting and Tomorrow's Sons for Mango TV and iQiyi. The company handles content development, casting, filming, marketing, and IP extensions into merchandise and live events. Canxing operates studios in multiple Chinese cities and exports formats to Southeast Asia.


Founded

2006

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$2.5B (Jun 2018)

Canxing Zhizuo Valuation

Canxing Zhizuo is currently valued at $2.5B, based on its undisclosed-stage round in June 2018.

The $56M round included Ali Chuangtou and Tibet Qiming Music.

Canxing Zhizuo valuation by funding round

Canxing Zhizuo valuation by funding round
DateStageValuation
Jun 2018Undisclosed stage$2.5B

Canxing Zhizuo Funding History

Canxing Zhizuo has raised a total of $64M across 3 funding rounds.

Canxing Zhizuo's first fundraising round was a $500K angel round in March 2016. The most recent completed round was a $56M undisclosed-stage round in June 2018.

Canxing Zhizuo funding rounds

Canxing Zhizuo funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2018Undisclosed stageAli Chuangtou; Tibet Qiming Music$56M$2.5BShanghai Canxing Cultural and Broadcast Company (Canxing Zhizuo), a leading Chinese television content producer known for talent shows like Voice of China and So You Think You Can Dance, raised RMB360m ($52.6m) in mid-2018 from Alibaba (RMB200m, ~$29.2m via Ali Chuangtou) and Tencent (RMB160m via Tibet Qiming Music), at a post-money valuation of approximately $2.5bn (or $2.49bn per regulatory filing). Alibaba took 1.17% stake and Tencent 0.94%. The company, founded in 2010 by Star Group (47% stake) and Chinese Culture Group (53%), had prior funding including $46m from Zhefu Holding for 6.1% in March 2016 and a December 2017 Series A of RMB21bn ($3.2bn valuation) with undisclosed investors, and planned an IPO in 2018. Canxing produces music and dance-focused TV shows, owns a record label with over 120 artists, and signed a joint production deal with Syco (Simon Cowell) in 2016. It faced trademark disputes over Voice of China IP, leading to its sale to Zhejiang Talent TV & Film. The investments by rival giants Alibaba and Tencent signal interest in content for their platforms amid rare collaboration.
Dec 2017Series A-$8M--
Mar 2016AngelZhefu Holding Group Co; Yanshan Touzi; Fengshi Investment Management$500K--

Who has invested in Canxing Zhizuo?

5 investors have backed Canxing Zhizuo across its funding rounds, including Zhefu Holding Group Co, Ali Chuangtou, Fengshi Investment Management, Yanshan Touzi and Tibet Qiming Music.


Canxing Zhizuo Investors

Investors in Canxing Zhizuo by funding rounds participated
InvestorHQRoundsRoleFirst check
Ali ChuangtouChinaHangzhou1ParticipantJun 2018
Zhefu Holding Group CoChinaHangzhou1ParticipantMar 2016
Yanshan Touzi--1ParticipantMar 2016

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Canxing Zhizuo Competitors

Canxing Zhizuo competitors include listed companies like Groupe M6, FUJI Media Holdings, Huawen Media Group and RTL Group, and private ones like CMC and Shanghai Canxing Cultural and Broadcast Company.

Public and private companies comparable to Canxing Zhizuo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Groupe M6FranceFrancePublicly listed$1.4B$337M$1.7B1.2x
FUJI Media HoldingsJapanJapanPublicly listed$3.5B$386M$3.8B1.9x
Huawen Media GroupChinaChinaPublicly listed$53M($11M)$1.4B-
RTL GroupGermanyGermanyPublicly listed$6.9B$644M$5.6B1.0x
CMCChinaShanghaiPrivate--$6B-
Shanghai Canxing Cultural and Broadcast CompanyChinaShanghaiPrivate$32M-$2.5B79.5x

Canxing Zhizuo Public Comps

Canxing Zhizuo is still privately-owned, but its public comps include Toei Co., China Literature, Cyfrowy Polsat, COL Global, Jiangsu Broadcasting, Prime Focus, MFE-MediaForEurope, Imax, Perfect World Co. and TV Asahi.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Toei Co.$1.2B$352M2.0x2.0x6.9x9.4x
China Literature$1.1B($85M)1.2x1.2x(15.6x)12.2x
Cyfrowy Polsat$3.8B$910M1.6x1.5x6.5x6.9x
COL Global$247M($78M)10.8x8.9x(34.3x)(2053.7x)
Jiangsu Broadcasting$1.2B$266M1.9x-8.5x-
Prime Focus$478M$149M6.8x-21.7x-
MFE-MediaForEurope$4.6B$1.2B1.2x0.8x4.6x4.2x
Imax$410M$130M7.5x6.8x23.5x14.9x

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Common questions about Canxing Zhizuo

When was Canxing Zhizuo founded?Canxing Zhizuo was founded in 2006.
Where is Canxing Zhizuo headquartered?Canxing Zhizuo is headquartered in Shanghai, China.
Is Canxing Zhizuo publicly listed?No, Canxing Zhizuo is a private, VC-backed company.
What is Canxing Zhizuo's valuation?Canxing Zhizuo was last valued at $2.5B in its undisclosed-stage round in June 2018.
How much funding has Canxing Zhizuo raised?Canxing Zhizuo has raised $64M across 3 funding rounds.
What was Canxing Zhizuo's last funding round?Canxing Zhizuo's last funding round was a $56M undisclosed-stage round in June 2018.
Who are Canxing Zhizuo's investors?Canxing Zhizuo's investors include Ali Chuangtou, Zhefu Holding Group Co, Yanshan Touzi, Tibet Qiming Music and Fengshi Investment Management.
Which companies are comparable to Canxing Zhizuo?Companies comparable to Canxing Zhizuo include Groupe M6, FUJI Media Holdings, Huawen Media Group, RTL Group, CMC and Shanghai Canxing Cultural and Broadcast Company.

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