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- Canxing Zhizuo
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2018 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2018 | Undisclosed stage | Ali Chuangtou; Tibet Qiming Music | $56M | $2.5B | Shanghai 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 2017 | Series A | - | $8M | - | - |
| Mar 2016 | Angel | Zhefu 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2018 | ||
| 1 | Participant | Mar 2016 | ||
| -- | 1 | Participant | Mar 2016 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCanxing 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.4B | $337M | $1.7B | 1.2x | ||
| Publicly listed | $3.5B | $386M | $3.8B | 1.9x | ||
| Publicly listed | $53M | ($11M) | $1.4B | - | ||
| Publicly listed | $6.9B | $644M | $5.6B | 1.0x | ||
| Private | - | - | $6B | - | ||
| Private | $32M | - | $2.5B | 79.5x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $352M | 2.0x | 2.0x | 6.9x | 9.4x | |||
| $1.1B | ($85M) | 1.2x | 1.2x | (15.6x) | 12.2x | |||
| $3.8B | $910M | 1.6x | 1.5x | 6.5x | 6.9x | |||
| $247M | ($78M) | 10.8x | 8.9x | (34.3x) | (2053.7x) | |||
| $1.2B | $266M | 1.9x | - | 8.5x | - | |||
| $478M | $149M | 6.8x | - | 21.7x | - | |||
| $4.6B | $1.2B | 1.2x | 0.8x | 4.6x | 4.2x | |||
| $410M | $130M | 7.5x | 6.8x | 23.5x | 14.9x | |||
This data is available for Pro users. Sign up to see all Canxing Zhizuo competitors and their valuation data. Start Free Trial | ||||||||
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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