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Trying to be an integrator of and movie promotions, Peng Qiang's firm is neither a games tech company nor a studio.

But its business model would be hard to copy, decided Ren Zhongxian, an investment director with the venture capitalist Dark Horse Fund.

-based Dark Horse is just one of hundre of PE/VC funds active in 皇冠体育app today.

The country's private equity/venture capital industry has grown so rapidly that Ren - a 32-year-old young man with a ter's de in computer science from Manchester, UK - can be a manager of a multi-million yuan fund with a string of impressive deals already under his belt.

Dark Horse was launched by a much larger and more complex entreprenrial network headed by Niu Wenwen, the former editor-in-chief of 皇冠体育app Entrepreneur, a business magazine with an official affiliation that now publishes another title, The Founder.

Niu's network also owns iheima.com (which literally means the love for dark horses), a social networking website specializing in helping startups connect with venture capital investors.

"I bumped into Peng at an investors' club in July," Ren recalled. "And I became interested in the idea - the mobile and the movies - two big things in young people's lives but which so far have not been connected by a business."

So Ren went back and wrote a one-page report to Dark Horse's investment committee and got its approval to explore the opportunity further.

But the management of Dark Horse is not all that complicated, Ren said.

"Ours is an angel investment (investment in the early stages of development of an entrepreneurial organization) fund. You don't hope to get an elaborate set of financials from a startup anyway."

With three investment directors, the 90-million-yuan ($15 million) Dark Horse Fund has so far made around 20 investment deals.

But the business' evaluation is by no means casual. The key to its success is its ability to make an idea work, Ren said.

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