Recon Buys Majority Stake in Millennium Films for US$100 Million

 /  Money  / 
The announcement ends rumors that a deal for that amount was being negotiated, although initial speculation indicated that price was more likely for a complete buy-out of Los Angeles-based Millennium. Read More

Steven Spielberg’s Amblin Partners, Alibaba Pictures Announce Partnership

 /  Money  / 
Steven Spielberg's Amblin Partners and Chinese e-commerce and media giant have announced a partnership to co-produce films for global and Chinese audiences. Read More

Alibaba Pictures Invests in Hangzhou Cinema Company

 /  Money  / 
Alibaba Pictures is investing RMB 100 million (US$15.2 million) for an 80 percent stake in a cinema operator in its hometown of Hangzhou, as it takes on rival Dalian Wanda. Read More

China’s Mango TV Seeks Back-Door Listing

 /  Money  / 
Chinese new media firm Mango TV has announced plans to list via a reverse merger with TV shopping firm Happigo Home Shopping. Read More

Shanghai Film Shares Rise on IPO

 /  Money  / 
Shanghai Film Group saw its stock prices climb 44 percent on its first day of trading Wednesday, just one week after China Film Co. did the same in its own IPO. Read More