Entertainment Finance: Where Will the Money Come From?

 /  Money  / 
Entertainment finance has had its ups and downs, but with the industry going through a major change, how will financing methods and models evolve? Read More

Streaming Platform Douyu to Get RMB 4 Billion from Tencent

 /  Game  / 
Tencent has been backing the platform since March 2016 when it led a $100 million B financing round along with Sequoia and Nanshan Capital. It also participated in Douyu’s RMB 1.5 billion worth C financing round in August the same year. Read More

YY’s E-sports Video Streaming Arm Huya Files for US IPO

 /  Game  / 
Chinese live streaming company YY is planning to spin off its gaming streaming unit Huya for an independent IPO. The company has submitted a draft registration statement on a confidential basis to the US Securities and Exchange Committee for a possible listing in the US market. Read More

iQiyi Reveals User Numbers and Net Loss Since Inception in IPO Filing

 /  Money  / 
iQiyi (爱奇艺), the Chinese entertainment company famous for its video streaming service filed for an initial public offering in the US. In the filing, iQiyi stated that “We have had a net loss since its inception and may continue to suffer losses in the future.” Read More

Alibaba Acquires Stake in Wanda Film as the Entertainment Conglomerate Scales Back on Debt

 /  Money  / 
The acquisition will make Alibaba the second-largest shareholder of Wanda’s film group, with Wanda still controlling a 48.1% stake in the company. 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

Baidu’s iQiyi said to have filed for $1 billion US IPO

 /  Money  / 
China’s popular video streaming service, iQiyi, has filed confidentially for US IPO according to IFR. Sources familiar with the plans said the company is looking to raise $1 billion by the end of Q1 or early Q2 of 2018. Read More

Former ‘Voice of China’ Producer Moves Toward IPO

 /  Money  / 
The former producer of “The Voice of China” has completed pre-IPO fundraising, earning a valuation of 21 billion yuan ($3.2 billion) — though trademark disputes involving the Dutch creator of the show and several Chinese licensees remain unsettled. Read More

Barco Joins Forces with China Film Co., Appotronics and CITICPE

 /  Money  / 
The joint venture will serve as the dedicated commercialization systems channel for each company’s products and services for the global cinema market excluding Mainland China. Read More