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

Courtyard Cinema Sets Scenes for Beijing’s Blind Moviegoers

 /  People  / 
How does a blind person “watch” a movie? Wang Weili, the founder of an “alternative cinema” in Beijing, has perfected a way that enables thousands of blind moviegoers in China to enjoy classics including Terminator and Jurassic Park. Read More

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