First Day of Chinese New Year Is a Box-Office Winner

 /  Box Office  / 
The Year of the Dog may turn out to be a howling success for China’s movie industry. Read More

Alibaba Sees Future in Hollywood Sci-Fi Co-Production

 /  News  / 
Alibaba’s film unit and U.S. production house STX Entertainment will co-produce the upcoming science-fiction film “Steel Soldiers,” extending a growing series of one-off tie-ups between China and Hollywood, even as the attraction of bigger alliances fades. Read More

Deals Slide in China’s Technology, Media and Telecom Sector

 /  Money  / 
Mergers and acquisitions in China’s technology, media and telecom (TMT) sector dropped in 2017, according to a new report. Read More

China TV Sales on the Fritz

 /  News  / 
Sales of television sets in China have fallen to their lowest level in five years, while manufacturers’ profits have also plummeted, a senior Ministry of Industry and Information Technology (MIIT) official said at an industry conference. Read More

Curtain Falls on Paramount-Huahua $1 Billion Film Tie-Up

 /  Money  / 
Paramount Pictures said it has terminated its $1 billion film-financing deal with Chinese partner Huahua Media, ending half a year of uncertainty after reports first emerged that the tie-up had run into trouble due to a Beijing crackdown on such investment. Read More

Tencent Book Unit Begins New Chapter With Massive IPO

 /  Money  / 
Tencent Holdings Ltd.’s online literature unit, which seeks up to HK$8.3 billion ($1.06 billion) in an initial public offering (IPO) in Hong Kong, has had an enthusiastic reception from retail investors. Read More

Startup Hopes Hollywood Sparkle Can Win Applause for Chinese Theme Parks

 /  News  / 
Many of China’s homegrown theme parks lack these pop culture credentials, meaning they struggle to compete with foreign rivals fond of film tie-ins. But a three-month-old Chinese company has announced an ambitious plan to change the script. Read More

LeEco’s Listed Arm Extends Trading Halt for Restructuring Plan

 /  News  / 
Leshi Internet Information & Technology Corp., the listed arm of embattled tech giant LeEco, extended its share-trading halt after a six-month suspension, citing uncertainties in a restructuring plan. Read More

As Baidu Retreats, Alibaba and Tencent Battle for Online Ticketing Dominance

 /  News  / 
Following online travel services and food delivery, online movie ticket booking has become the latest corner of the O2O (online to offline) market to see consolidation after years of cutthroat price wars. Read More

Government Curbs Sink Overseas Investment in Property, Sports, Entertainment

 /  Money  / 
China’s outbound direct investment fell 41.8% year-on-year over the first eight months of 2017 in response to a government crackdown on overseas acquisitions in real estate, sports, and entertainment.  Read More

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