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Alibaba Buys Indian Ticketing Company TicketNew

Jun 6, 2017 / 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

Jun 5, 2017 / 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

Jun 5, 2017 / 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

Panda TV Gets 1 Billion RMB Series B Funding Round

May 27, 2017 / Money /

Panda TV (熊猫直播), a Shanghai-based game streaming website, has raised RMB 1 billion in series B funding (in Chinese) led by Industrial Innovation Capital Management (兴业证券兴证资本), causing a stir in the sector. Read More

CAA, Bona Film Group Launch $150 Million Film Fund with ‘Midway’

May 26, 2017 / Money /

Creative Artists Agency (CAA) and Bona Film Group will kick off a US$150 million film production fund with an investment in blockbuster director Roland Emmerich's upcoming "Midway," the two companies announced Friday. Read More

TCB in RMB: Wanda Invests in Bona to Strengthen its Domination

May 20, 2017 / Money /

Wanda Cinema Line, the world’s biggest cinema chain operator, is buying a 1.875 percent stake in private-owned Bona Film Group for RMB 300 million (US$43.51 million), the companies announced Monday. Read More

Wanda Cinema Line To Acquire 1.9 Percent Stake In Bona Film Group

May 16, 2017 / Money /

New Bona cinemas -- including both newly constructed and newly purchased cinemas -- will now become a part of Wanda Cinema Line, according to the agreement. Read More

TCB in RMB: Disney Attributes Strong EPS Growth to Shanghai Disney

May 12, 2017 / Money /

Disney's impressive quarterly gains per share were because of the Shanghai Disney Resort, which opened in the third quarter of 2016, and also increases at its U.S. theme parks, the media giant said. Read More

TCB in RMB: LeSports Defaults, Jia Zhangke Skint, iQIYI Goes Hip-Hop

May 5, 2017 / Money /

LeSports, sports arm of China's internet conglomerate LeEco, canceled the broadcast of a Wednesday European Championship match between Spanish soccer giants Real Madrid and Atletico Madrid, increasing concerns over the floundering titan’s recent financial situation. Read More

Bona Film Group Takes First Step Towards China IPO

May 4, 2017 / Money /

On Wednesday Bona Film Group announced it had filed the necessary documents required for a stock market listing with the Xinjiang Securities Regulatory Bureau and had received confirmation from the regulator. Read More

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