News

Headlines from China: Tencent Delivers Drop in Profit and Growth in Online Video in Q2

Aug 15, 2018  /  Headlines From China  / 
On August 15, Chinese tech giant Tencent released the company's unaudited Q2 financial report. According to the report, the company saw significant growth in Q2 with total revenue up 30% year-on-year to $10.7 billion. However, net profit dropped 2% to $2.7 billion. Read More

Headlines from China: Huang Xiaoming Caught Up in Stock Manipulation Scandal 

Aug 14, 2018  /  Headlines From China  / 
Chinese actor Huang Xiaoming, who recently starred in "Escape Plan 2" alongside Sylvester Stallone, has been caught up in a scandal over stock manipulation. Read More

Headlines from China: Tencent’s E-book Unit to Acquire New Classics Media for Up to $2.25 B

Aug 13, 2018  /  Headlines From China  / 
On August 13, Tencent's e-book unit China Literature announces that the company is in a deal to acquire film & TV production company New Classics Media (NCM) for up to $2.25 billion. Upon completion of the acquisition, New Classics Media will become China Literature's wholly-owned subsidiary. Read More

Chinese Mobile Game-makers Made Over $600 M in the US in First Half of 2018

Aug 13, 2018  /  Game  / 
Chinese game apps are spreading abroad like wildfire and the US has become one of their top markets. From the first half of 2017 to the first half of this year, Chinese game makers raised their profits by 52% in the US earning more than $600 million. Read More

Headlines from China: Alibaba Group’s New Membership Program Aims to Boost Market Share in Digital Entertainment 

Aug 10, 2018  /  Headlines From China  / 
Similar to Amazon Prime in the US, Alibaba's new membership package aims to encourage customer loyalty and bring consumers from its e-commerce sites to its digital entertainment platforms. Read More

Headlines from China: Alibaba Pictures and Entertainment One to Co-produce ‘Peppa Pig’ Movie

Aug 9, 2018  /  Headlines From China  / 
British cartoon character Peppa Pig will become the protagonist of an upcoming movie co-produced by Alibaba Pictures. Currently, Alibaba Pictures and Entertainment One, the IP rights holder of Peppa Pig, have registered the project as a co-production with China's film bureau. Read More

Headlines from China: These Hit 2018 Hollywood Movies Didn’t Make It To China

Aug 8, 2018  /  Headlines From China  / 
In addition to Christopher Robin, there are several other hit Hollywood movies that didn’t make it to the middle kingdom this year. Read More

Hollywood’s First All-Asian Movie in 25 Years Yet to Make it to China

Aug 8, 2018  /  News  / 
In big markets such as China, Warner Brothers certainly has high hopes for Crazy Rich Asians to succeed. Currently, the studio is anxiously waiting for a China release to be confirmed. Read More

China’s ‘Friends’ Knockoff Complains of Unauthorized Film

Aug 8, 2018  /  News  / 
The one where the movie about swashbuckling tomb raiders copies the show that copied the beloved American sitcom. Read More

Headlines from China: Income Tax Rate For Chinese Celebrities Increased to 42%

Aug 7, 2018  /  Headlines From China  / 
In light of the recent tax evasion scandals in the entertainment industry, Chinese authorities have set new income tax rate for celebrities effective on August 1. Read More

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