Following a memorandum of understanding (MOU) entered between GHY Culture & Media Holding Co and iQIYI in March, GHY has announced that the parties have entered into a joint venture agreement in relation to a talent management agency.

Under the agreement, GHY and iQIYI will establish joint venture entity Uni-Icon Entertainment, a Singapore-incorporated company. GHY will hold a 70% stake in the company, with iQIYI to hold the remainder.

See: GHY Culture & Media taps Nasdaq-listed iQIYI to expand talent network

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