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

China Blocks Dalian Wanda from Completing Overseas Deals: Report

 /  Money  / 
China is reportedly restricting the completion of six overseas deals by Wanda Group as part of a broader crackdown on offshore investments. Read More

China Textile Company Ditches Schmatta for Movie Business

 /  Money  / 
The company indicates on its website that it is a leader in "high-end home textile jacquard fabrics." Read More

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