Tencent Music to File for US IPO Today

 /  Money  / 
Chinese streaming giant Tencent Music hopes to raise $2 billion at a valuation of up to $31 billion through its US-based IPO. The company has also formed a partnership with its international counterpart Spotify. Read More

Company behind QVOD Liquidates Assets While Former CEO Enters Blockchain

 /  Money  / 
Kuaibo Technology, the owner of once popular video player QVOD, is to liquidate its assets to pay for a long-existing debt to Shenzhen-based Geniatech, a PCTV and IT manufacturer. Read More

Chinese Livestreamer Inke Passes Listing Hearing

 /  Money  / 
Livestreaming platform Inke Ltd., which filed for a Hong Kong initial public offering in March, has passed its listing hearing and will start selling shares to international investors on Wednesday. Read More

Douyin Rival Acquires Anime And Video Sharing Platform Acfun

 /  Money  / 
Douyin rival, short video sharing and live streaming platform Kuaishou (快手), has 100% acquired Acfun (A站), a platform for ACG (anime, comics, and gaming) fans. Read More

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

INDUSTRY EVENTS

December 3 - December 6

January 23, 2020 - February 3, 2020

January 23, 2020 - February 2, 2020