Headlines from China: Sun Hongbin Resigns as Leshi Chairman

 /  Headlines From China  / 
Sun Hongbin will step down as the Chairman of Leshi, the listed arm of the troubled LeEco. Liu Shuqing, the current General Manager of LeShi, is appointed as interim chairwoman. Read More

Headlines from China: China to Eliminate SAPPRFT as Part of Government Restructure

 /  Headlines From China  / 
China will abolish the State Administration of Press, Publication, Radio, Film and Television and form a new media regulatory body under closer control of the State Council. Read More

Headlines From China: Tencent To Become Second Largest Shareholder Of New Classics Media

 /  Headlines From China  / 
Enlight Media has entered into an equity transfer agreement with an industry fund under Tencent that it will sell 27.64% stake in film and TV production company New Classics Media (新丽传媒)for approximately $524 million. Upon completion, Tencent will become the second largest shareholder of New Classics Media. Read More

Video Streaming Site Youku Sues Toutiao for Illegally Distributing Wolf Warriors 2

 /  Legal  / 
Youku, a leading video streaming service owned by Alibaba, is suing online content aggregator Toutiao (in Chinese) and video platform Yuncheng Sunshine Media (our translation; 运城阳光传媒 in Chinese) for distributing the movie Wolf Warriors 2. Read More

Headlines from China: Which Provinces in China Love Foreign Films the Most? 

 /  Headlines From China  / 
Along with the development of China's film industry and Chinese moviegoers' ever-changing tastes, foreign films overall perform better and better in China over the past three years. But which provinces in China love foreign films the most? Read More

Headlines From China: ‘Buddy Love’ The Key To Winning Box Office In China

 /  Box Office  / 
“Buddy Love,” a screenwriting technique first mentioned in screenwriter Blake Snyder’s book Save The Cat, has been seen employed in many top-grossing Chinese films, most recently, Detective Chinatown 2 and Operation Red Sea. Read More

Streaming Platform Douyu to Get RMB 4 Billion from Tencent

 /  Game  / 
Tencent has been backing the platform since March 2016 when it led a $100 million B financing round along with Sequoia and Nanshan Capital. It also participated in Douyu’s RMB 1.5 billion worth C financing round in August the same year. Read More

Headlines from China: Indian-Chinese Co-production Makes Economic Sense Says Chinese Official

 /  Headlines From China  / 
After "Dangal" became a smash hit last year, "Secret Superstar" blazes new trail for Indian cinema in China as the first revenue-sharing import. What’s on the horizon is the first Indian-Chinese co-production "The Zookeeper," which will be directed by the director of "Bajrangi Bhaijaan" Kabir Khan. Read More

YY’s E-sports Video Streaming Arm Huya Files for US IPO

 /  Game  / 
Chinese live streaming company YY is planning to spin off its gaming streaming unit Huya for an independent IPO. The company has submitted a draft registration statement on a confidential basis to the US Securities and Exchange Committee for a possible listing in the US market. Read More

Headlines From China: Frances McDormand To Collaborate With Chinese Director Chloe Zhao

 /  Headlines From China  / 
Oscar-winning actress Frances McDormand has announced at the 33rd annual Independent Spirit Awards that she will be working with director Chloe Zhao in a future film. Read More