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

The Rise of China’s Pan-Entertainment Industry: A Conversation with Creation Venture Partners

 /  Money  / 
The 34-year-old investor is the founding partner of Creation Venture Partners, a three-year-old Chinese venture firm focused on investing in the so-called “pan-entertainment” industry. Read More

Curtain Falls on Paramount-Huahua $1 Billion Film Tie-Up

 /  Money  / 
Paramount Pictures said it has terminated its $1 billion film-financing deal with Chinese partner Huahua Media, ending half a year of uncertainty after reports first emerged that the tie-up had run into trouble due to a Beijing crackdown on such investment. Read More

Tencent’s China Literature $1.1 Billion IPO Speaks Volumes About Value of IP in China

 /  Money  / 
In China, a whole new industry chain surrounding online literature IPs is taking form and now involves music, games, TV dramas, and movie production. Tencent, Alibaba, and Baidu have all entered the battle to compete for the best IPs. Read More

Tencent Book Unit Begins New Chapter With Massive IPO

 /  Money  / 
Tencent Holdings Ltd.’s online literature unit, which seeks up to HK$8.3 billion ($1.06 billion) in an initial public offering (IPO) in Hong Kong, has had an enthusiastic reception from retail investors. Read More

Government Curbs Sink Overseas Investment in Property, Sports, Entertainment

 /  Money  / 
China’s outbound direct investment fell 41.8% year-on-year over the first eight months of 2017 in response to a government crackdown on overseas acquisitions in real estate, sports, and entertainment.  Read More

A Short Recent History of Huahua Media

 /  Money  / 
Huahua Media, which burst onto the China movie scene waving big checks, sells a majority stake for relative small change. Read More

TCB in RMB: Huayi Brothers Reports Striking Profit Jump for First Half of 2017

 /  Money  / 
Huayi Brothers, one of China's largest film studios, reported a striking profit jump of 30-60 percent year-on-year in its earnings prediction for the first half of 2017. Read More

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