On November 5th, a news shocked the cultural industry with an unusual ripple. The first domestic market-oriented operation cultural industry FOF launched by a state-owned media group——United Media FOFs, was officially established in Shanghai. The total size of the FOF is 10 billion yuan, and the initial management scale is 3 billion yuan，it will focus on industrial investment in the cultural field. As an institution with 11 years of investment experience in the management of FOF, Oriza FOFs participated in the preparation and establishment of United Media FOFs; partner of Oriza FOFs, Wang Jipeng represented the institution and served as a member of the United Media FOFs Capital Investment Committee.

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