Stock Exchange Challenges Theater Giant Wanda Film’s Huge Write-Down

 /  Money  / 
Wanda Film Holding, China’s biggest movie theater operator controlled by billionaire Wang Jianlin, was questioned again by the stock exchange on its asset impairment and liquidity after it posted its first annual loss in five years as a publicly listed company. Read More

Shanghai to Get Shot of “Happiness” with Disneyland Reopening

 /  News  / 
Millions of Chinese kids will have something to look forward to, even as their schools reopen, with word that Shanghai Disneyland will also reopen on May 11. Read More

ByteDance’s TikTok Surpasses 2 Billion Downloads Globally

 /  News  / 
The ByteDance-owned short video app has amassed more than 2 billion downloads on Apple’s App Store and Google Play Store combined, a milestone that comes just five months after the app hit the 1.5 billion download mark. Read More

ByteDance Offers Books for Free on Toutiao Content Platform

 /  News  / 
Chinese tech giant ByteDance has made the majority of its novels on its popular Toutiao app free to access, following a general trend in the fiercely competitive publishing sector. Read More

ByteDance Launches Global Hiring Spree With 10,000 New Jobs

 /  News  / 
ByteDance Inc. just kicked off a wave of hiring it envisions hitting 40,000 new jobs in 2020, hoping to match Alibaba’s headcount at a time technology corporations across the globe are furloughing or reducing staff. Read More

Sohu to Take Nasdaq-Listed Gaming Firm Changyou Private

 /  Game  / 
U.S.-listed gaming company Changyou.com will become a privately-held, wholly-owned subsidiary of Chinese internet stalwart Sohu.com through a merger. Read More

Tencent’s PUBG Takes Honors as World’s Top Mobile Game in March

 /  Game  / 
Tencent’s battle royale title “PlayerUnknown’s Battlegrounds” (PUBG) Mobile was the world’s highest-grossing mobile game in March, as online entertainment increased during the coronavirus outbreak. Read More

Sony Takes $400 Million Stake in Chinese Streaming Site Bilibili

 /  Money  / 
Chinese video streaming platform Bilibili received a $400 million equity investment from Sony Corp.  Read More

Tencent Becomes Majority Shareholder in Chinese Game Live-Streamer Huya

 /  Game  / 
Internet giant Tencent is now the biggest shareholder of Chinese game-centric live-streaming platform Huya after buying an additional stake in the company. Read More

U.S. Investor Tiger Global Boosts Stake in TikTok Owner ByteDance

 /  News  / 
The New York-based investment group began buying ByteDance’s shares when the Chinese unicorn was valued at $37.5 billion and has since increased its investment through share purchases in secondary markets. Read More

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