Caixin Global |

Sony Takes $400 Million Stake in Chinese Streaming Site Bilibili

Apr 14, 2020 / 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

Apr 8, 2020 / 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

Apr 2, 2020 / 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

Covid-19 Costs Leading Movie Ticket Agent $28 Million in Refunds

Mar 27, 2020 / News /

Leading online movie ticketing agent Maoyan Entertainmen thad to refund a hefty 200 million yuan ($28 million) in the final days of January as most of the nation’s cinemas shut down in a matter of days at the height of the coronavirus outbreak, the company said. Read More

More than 500 Cinemas Reopen in China as New Virus Cases Near Zero

Mar 23, 2020 / News /

As of March 21, a total of 507 cinemas across China had reopened to moviegoers, representing 4.5% of the total cinemas operating in the country. Read More

ByteDance’s TikTok Names Former U.S. Defense Staff as Security Head

Mar 10, 2020 / News /

ByteDance’s social media app TikTok has announced that it has hired cyber security executive and former U.S. defense staff Roland Cloutier as its newly created chief information security officer. The announcement comes as the company wrestles with U.S. concerns over its handling of private user data. Read More

ByteDance-Owned TikTok Was World’s Most Downloaded Social Media App in January

Mar 3, 2020 / News /

With 104.7 million downloads, TikTok became the world’s most downloaded social media app in January. The figure represented a 46% increase compared to the same month last year. Read More

Local Governments Assist Filmmakers Stricken by Covid-19

Feb 26, 2020 / News /

Government agencies in Beijing and Jiangsu province have rolled out new measures to support their local film industries, which are shaping up as one of the biggest casualties during the Covid-19 outbreak with the shuttering of theaters and production studios. Read More

Alibaba-Owned Video-Streaming Service Youku Signs Drama Deal with BBC Studios

Feb 12, 2020 / News /

Alibaba-owned online video platform Youku has clinched a drama content deal with BBC Studios, making it the largest library of British drama shows in China. Read More

ByteDance-Owned Apps See Sharp Surge in China Downloads Amid Outbreak

Feb 10, 2020 / News /

App Annie told Caixin that the explosion in downloads of the Jinri Toutiao and Xigua Video in January stemmed from a “stay-at-home” advisory issued by the government due to the coronavirus outbreak and the premiere of 'Lost in Russia' on the two platforms. Read More

Caixin Global