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

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

ByteDance Eroding Ad Revenue Share from BAT: report

 /  Money  / 
Bytedance, creator of viral short video apps Douyin and TikTok as well as news aggregation app Toutiao, is continuing to take ad revenue share from China’s top tech firms Baidu, Alibaba, and Tencent. Read More

Cinema Operators Left in Dark Amid Coronavirus Containment Efforts

 /  Money  / 
Cinema operators were already going through their own growing pains even before the broader film industry’s latest difficulties, after a building boom led to oversupply of screening venues. Read More

Video Firm Baofeng Loses Nearly All Employees in Wake of Flopped British Deal

 /  Money  / 
Almost all staff have left troubled online video service provider Baofeng Group Co. Ltd., which has been haunted by operational and financial challenges as it struggles to manage fallout from its involvement in a high-profile and ill-fated acquisition of British firm MP & Silva Holding SA. Read More

Headlines from China: Wanda Sports to Launch US IPO This Week

 /  Headlines From China  / 
The Beijing-based Wanda Sports has had partnerships with FIFA and the Chinese Basketball Association, owns sports properties and generates revenue from events, sponsorship and media pacts Read More

Live-streaming Platform Inke Acquires Social App Jimu for $85 Million

 /  Money  / 
Live-streaming platform Inke announced on Sunday that it acquired interest-based social app Jimu for $85 million. Read More

Headlines from China: Chinese Animation Studio and Theme Park Giant Fanta Wild to Launch IPO

 /  Headlines From China  / 
Fanta Wild, a Chinese entertainment group considered by some as China's Disney, is planning to launch IPO. Read More

Douyu Moves Listing from NYSE to Nasdaq

 /  Money  / 
Game live-streaming platform Douyu has switched its IPO to the Nasdaq Global Select Market from the New York Stock Exchange, according to the company’s SEC filing on Monday. Read More