On September 27, idol group management agency I.E One Entertainment (缔壹娱乐) finished its pre-series A funding round and raised several million RMB from Juyuan Capital (聚元资本). I.E One Entertainment’s vertically integrated and provides full support for its artists in training, management, marketing, and publishing. I.E One Entertainment now manages Popular Produce 101 contestant and later Rocket Girls 101 member Duan Aojuan (段奥娟).
The idol economy is still underdeveloped in China. Even though commercially successful long term idol groups have yet to emerge, investors and industry are not giving up.
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