Wanda Group to Sell Amusement Park Business for over $9 Billion: Report

 /  Money  / 
Property developer Sunac China Holdings Ltd. will pay RMB 63.2 billion (US$9.3 billion) for Dalian Wanda Group hotels and amusement parks, in a move that can only be seen as Wanda retreating from a fight it picked with Disney over the theme park business in China.  Read More

TCB in RMB: Wanda Reports Half-Year Income Jump

 /  Money  / 
Dalian Wanda Group, China’s property, and entertainment giant, reported overall revenue of RMB 134.9 billion (US$19.8 billion) for the first six months of 2017, an increase of 12.4 percent year-on-year. Read More

TCB in RMB: HS Entertainment Group plans for IPO

 /  Money  / 
HS Entertainment Group, a film and TV show production and distribution firm that produced Chinese actress-turned-director Zhao Wei’s "So Young," is aiming to raise RMB 900 million through the second-board market. Read More

TCB in RMB: Iger Celebrates Shanghai Disney’s First Anniversary

 /  Money  / 
Disney CEO Bob Iger visited China again, this time for the first anniversary of the opening of Shanghai Disney Resort. Read More

China Movie Ticketing Service Maoyan Plans IPO: CEO

 /  Money  / 
Maoyan, China’s market-leading mobile ticketing service, is planning to go public, according to Wang Changtian, the founder, and chairman of Enlight Media, which controls the popular app. Read More

TCB in RMB: Great Wall Buys Gu Changwei’s Premiere Age

 /  Money  / 
Some big deals in film and television in our weekly wrap of China entertainment investment and M&A activity. Read More

TCB in RMB: Yang Mi’s Studio Jiangxing Media Raises $37 million

 /  Money  / 
Jiangxing Media, partially owned by Chinese actress Yang Mi, announced it has secured RMB 250 million ($36.8 million) worth of new shares from Zhejiang-based Perfect World Investment & Holding Group on the New Third Board, China’s stock market for start-ups. Read More

Alibaba Buys Indian Ticketing Company TicketNew

 /  Money  / 
Alibaba Group’s entertainment arm Alibaba Pictures Group has acquired a majority stake in Indian online ticketing platform TicketNew for an undisclosed amount, marking a further push into entertainment by the firm. Read More

TCB in RMB: Alibaba Forges a Stronger Alliance with Pokemon

 /  Money  / 
Alibaba Pictures, the film arm of China’s e-commerce giant Alibaba, launched an immersive experience park in Hangzhou, where Alibaba is headquartered. Read More

STX Entertainment CEO Hints at IPO

 /  Money  / 
STX Entertainment, the Hollywood start-up studio backed by Chinese investors, could be headed for an IPO to help the company expand more aggressively in the near future. Read More

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